off-the-wire

India New Issue-Dishman Carbogen Amics to issue over 3-year bonds - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 17 (Reuters) - India's Dishman Carbogen Amics plans to raise at least 500 million rupees ($6.06 million) through a sale of bonds maturing in three years and one month, two merchant bankers said on Friday.


The company will pay a coupon of 9.25% and has invited commitment bids from bankers and investors on March 24, they said.


The bonds are rated A+ by India Ratings and the issue has a greenshoe option to retain an additional 500 million rupees.


The issue will be settled later in the month, and will mature in April 2026.
($1 = 82.5150 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)

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