India New Issue-Oxyzo Financial Services accepts bids for 2-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 20 (Reuters) - India's Oxyzo Financial Services has accepted bids worth 200 million rupees ($2.4 million) for bonds maturing in two years, three bankers said on Monday. The company will pay a coupon of 9.75% on this bond issue for which it had invited bids on Friday, they said. The bonds have a put option at the end of the first year. The bonds are rated A+ by ICRA and the issue will be settled later in the day.


($1 = 82.5200 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Varun H K)

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