India New Issue-Standard Chartered Capital accepts bids for 13-month bonds – traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 23 (Reuters) - India's Standard Chartered Capital has accepted bids worth 500 million rupees ($6.1 million) for the sale of bonds maturing in 13 months, two merchant bankers said on Thursday. The company will pay a coupon of 8.80% on this issue for which it had invited bids earlier in the day. The bonds are rated AAA by CRISIL and the issue will be settled on Friday.



($1 = 82.2430 Indian rupees) (Reporting by Bhakti Tambe; Editing by Dhanya Ann Thoppil)

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