MUMBAI, March 21 (Reuters) - India's Indostar Capital
Finance has accepted bids worth an aggregate of 5
billion Indian rupees ($60.54 million)for bonds maturing in 18
months and in two years, three merchant bankers said on Tuesday.
The company will pay an annual coupon of 9.95% for this
issue, and had invited bids from bankers and investors earlier
in the day, they added.
The bonds are rated "AA-" by CRISIL and the issue will be
settled later this week.
In December, the company raised 3.72 billion rupees through
multiple tenor bonds.
($1 = 82.5960 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Maju Samuel)
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