Earlier this month, the company had raised 4.50 billion rupees via reissue of 8.50% October 2032 bonds at 8.6985% yield and bonds maturing in nearly two years at 8.95% coupon. ($1 = 82.5890 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Shweta Agarwal)
MUMBAI, March 21 (Reuters) - India's Shriram Finance plans to raise at least 2 billion Indian rupees
($24.22 million) through a sale of bonds maturing in 15 months,
three merchant bankers said on Tuesday.
The company will pay an annual coupon of 9.00% on the issue
and has invited bids for issuances on Thursday, they said.
The bonds are rated AA+ by Crisil and the issue will be
settled on Friday.
The issue has a greenshoe option to retain an additional 8
billion rupees and will mature in June 2024.
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