The bonds are rated AAA by ICRA and the issue will be settled next week. In February, the company had raised 1.75 billion rupees through bonds maturing in three years at a coupon of 7.97%. ($1 = 82.5100 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sohini Goswami)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 17 (Reuters) - India's Sundaram Home
Finance has accepted bids worth 1.5 billion rupees ($18.18
million) for bonds maturing in three years, three merchant
bankers said on Friday.
The company will pay a coupon of 8.31% on the bond issue,
for which it had invited bids earlier in the day.
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