The bonds are rated AA+ by CARE and the issue will be settled on Tuesday. ($1 = 82.5850 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sonia Cheema)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 20 (Reuters) - India's JK Cement has accepted bids worth 1 billion rupees ($12.1 million) through
bonds maturing in five years, two merchant bankers said on
Monday.
The company will pay a coupon of 7.90% on this issue, for
which it had invited bids from bankers and investors earlier in
the day.
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