($1 = 82.2150 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Savio D'Souza)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 23 (Reuters) - India's Kerala Financial
Corp has accepted bids worth 4.76 billion rupees ($58 million)
through separately transferable redeemable principal part
(STRPP) bonds, three bankers said on Thursday.
The Kerala state-owned non-banking finance company, which
last tapped the market in September 2020 to raise 2.5 billion
rupees, will pay a coupon of 8.90% and had invited bids from
investors earlier in the day, the bankers said.
The bonds carry five tenors from 6 years to 10 years with
equal quarterly redemption in each series.
The bonds are provisionally rated AA by Acuite Ratings and
Infomerics Ratings.
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