MUMBAI, March 23 (Reuters) - India's Shriram Finance has accepted bids worth 3.41 billion rupees ($41.46
million) for bonds maturing in 15 months, three merchant bankers
said on Tuesday.
The company will pay an annual coupon of 9.00% on the issue
for which it had invited bids earlier in the day.
The bonds are rated AA+ by Crisil and the issue will be
settled on Friday.
Earlier this month, the company had raised 4.50 billion
rupees via reissue of 8.50% October 2032 bonds at 8.6985% yield
and bonds maturing in nearly two years at 8.95% coupon.
($1 = 82.2550 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia
Editing by)
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