MUMBAI, March 23 (Reuters) - India's Kogta Financial has
accepted bids worth 100 million rupees ($1.22 million) for bonds
maturing in two years and nine months, two merchant bankers said
on Thursday.
The company will pay a coupon of 9.74% on this issue for
which it had invited bids from bankers and investors earlier in
the day.
The notes are rated A by ICRA and the issue will be settled
on Friday. The notes will mature in December 2025.
($1 = 82.2320 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia
Editing by Shinjini Ganguli)
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