The issue will mature in September 2024. ($1 = 82.5870 Indian rupees) (Reporting by Dharamraj Dhutia;Editing by Dhanya Ann Thoppil)
MUMBAI, March 17 (Reuters) - India's PNB Housing Finance has accepted bids worth 1.50 billion rupees ($18.16
million) for bonds maturing in 18 months, three merchant bankers
said on Friday.
The company will pay an annual coupon of 8.70% and had
invited bids from bankers and investors on Thursday, the
merchant bankers said.
The bonds are rated AA by CRISIL and ICRA, and the issue
will be settled later in the day.
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