MUMBAI, March 21 (Reuters) - India's Muthoot Finance has accepted bids worth 5 billion Indian rupees
($60.52 million) for separately transferable redeemable
principal part (STRPP) bonds maturing in three years, and four
years and six months, three merchant bankers said on Tuesday.
The non-banking financial company will pay an annual coupon
of 8.65% on the issues, for which it had invited bids from
bankers and investors earlier in the day.
The notes are rated AA+ by CRISIL and the issues will be
settled on Thursday.
Earlier this month, the company raised 10 billion rupees
selling STRPP bonds maturing in two years and nine months, and
four years for an annual coupon of 8.65%.
($1 = 82.6140 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Shinjini Ganguli)
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