($1 = 82.2640 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, March 24 (Reuters) - India's JM Financial Home
Loans plans to raise 100 million rupees ($1.22 million) by
selling bonds maturing in three years and three months, two
merchant bankers said on Friday.
The non-banking finance company will pay an annual coupon of
8.75% for this issue and has invited bids on Monday, they said.
The notes are rated AA by ICRA and will be settled on
Tuesday.
In June, JM Financial raised 500 million rupees selling
bonds maturing in four years at an annual coupon linked to
three-month Kotak Mahindra Bank's marginal cost of lending rate.
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