The notes are rated A by ICRA and the issue will be settled
on Friday.
The issue has a greenshoe option to retain an additional 1
billion rupees and will mature in December 2025.
($1 = 82.4030 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, March 23 (Reuters) - India's Kogta Financial
plans to raise at least 250 million rupees ($3.03 million) by
selling bonds maturing in two years and nine months, two
merchant bankers said on Thursday.
The company will pay a coupon of 9.74%, and has invited bids
from bankers and investors later in the day.
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