MUMBAI, March 21 (Reuters) - India's NIIF Infrastructure
Finance has accepted bids worth 3.60 billion rupees ($43.6
million) for the reissue of 7.25% February 2031 bonds, three
merchant bankers said on Tuesday.
The company had invited bids from bankers and investors for
the issue earlier in the day.
The bonds are rated AAA by ICRA and the issue will be
settled later this week.
Earlier this month, the company raised 1.51 billion rupees
through bonds maturing in five years at an annual coupon of
8.0550% on the issue.
($1 = 82.6300 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.