MUMBAI, March 24 (Reuters) - India's Aditya Birla
Finance plans to raise at least 2.50 billion Indian rupees
($30.35 million) through the reissue of 8.12% March 2028 bonds,
three merchant bankers said on Friday.
The non-banking finance company has invited bids from
bankers and investors for the issue on Tuesday, they said.
The bonds are rated AAA by ICRA and India Ratings and the
issue will be settled next week.
The issue has a greenshoe option to retain an additional
12.50 billion rupees.
Earlier this month, the company raised an aggregate of 2.86
billion rupees selling bonds maturing in three years and six
months, and a reissue of 8.12% March 2028 bonds.
($1 = 82.3780 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by)
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