MUMBAI, March 17 (Reuters) - India's Aditya Birla
Finance plans to raise funds by selling bonds maturing in three
years and six months and via reissue of 8.12% March 2028 bonds,
three merchant bankers said on Friday.
The non-banking finance company aims to raise at least 1.50
billion rupees ($18.18 million) via over three-year bonds, and
at least 500 million rupees via the reissue, they said.
It has invited bids from bankers for these issues on Monday,
and they have a greenshoe option to retain an additional 2.50
billion rupees each.
The bonds are rated AAA by ICRA and India Ratings and the
issue will be settled on Tuesday.
Earlier, this month, the company raised one billion rupees
via reissue of 8.12% November 2032 at 8.20% yield.
($1 = 82.5000 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Eileen Soreng)
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