MUMBAI, March 20 (Reuters) - India's Bajaj Finance has accepted bids worth 49 billion rupees ($593.04
million) for bonds maturing in 10 years, three merchant bankers
said on Monday.
The non-banking financial company will pay an annual coupon
of 8.08% for the issue and had invited bids from bankers and
investors earlier in the day, they said.
The notes are rated AAA by CRISIL and India Ratings and the
issue will be settled later this week.
In January, the company had raised 8.57 billion rupees
selling bonds maturing in five years at an annual coupon of
7.88%.
($1 = 82.6250 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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