The issue also has a greenshoe option to retain an
additional subscription of 500 million rupees.
The bonds are rated A by CARE Ratings and the issue will be
settled next week.
($1 = 82.3475 Indian rupees)
(Reporting by Bhakti Tambe)
MUMBAI, March 23 (Reuters) - India's IKF Finance plans
to raise at least 200 million rupees ($2.43 million) through
bonds maturing in two years, two merchant bankers said on
Thursday.
The company will pay a coupon of 10.60% on this bond issue
for which it has invited bids on Friday, they said.
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