($1 = 82.5500 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Varun H K)
MUMBAI, March 17 (Reuters) - Toyota Financial Services
India has accepted bids worth 1.50 billion rupees ($18.2
million) for bonds maturing in three years and three months,
three merchant bankers said on Friday.
The non-banking financial company will pay an annual coupon
of 8.35% on this issue, and had invited commitment bids from
bankers and investors earlier in the day, they said.
The bonds are rated AAA by ICRA, and will be settled next
week.
In November, the company had raised three billion rupees
selling bonds maturing in three years and one month at an annual
coupon of 8.00%.
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