India New Issue-BoB Financial Solutions to issue 10-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 20 (Reuters) - India's BoB Financial Solutions plans to raise 750 million rupees ($9.09 million) through bonds maturing in 10 years, two merchant bankers said on Monday. The company will pay a coupon of 8.25% on the bond issue for which it has invited bids on Friday, they said. The bonds are rated AAA by CRISIL and the issue will be settled next week. ($1 = 82.4910 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sohini Goswami)

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