MUMBAI, March 23 (Reuters) - Fullerton India Credit Co
has accepted bids worth an aggregate of 10 billion Indian rupees
($121.64 million) for selling bonds maturing in one year, 10
months and 25 days, 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 had invited bids from bankers and investors
earlier 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 = 82.2080 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)
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