MUMBAI, March 23 (Reuters) - Fullerton India Credit Co
plans to raise an aggregate of 10 billion rupees ($121.33
million) by selling bonds maturing in one year and 11 months and
in two years, three merchant bankers said on Thursday.
The non-banking finance company will pay a coupon of 8.54%
on these issues and has invited bids from bankers and investors
later in the day, they said.
The notes are rated AAA by CRISIL and CARE Ratings, and the
issues will be settled on Friday.
Earlier this month, the company raised 500 million rupees
through the reissue of 8.30% November 2032 bonds at 8.30% yield.
($1 = 82.4170 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)
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