MUMBAI, March 24 (Reuters) - India's IKF Finance has
accepted bids worth 700 million Indian rupees ($8.50 million)
for bonds maturing in two years, two merchant bankers said on
Friday.
The company will pay an annual coupon of 10.60% on this bond
issue for which it had invited bids earlier in the day, they
said.
The bonds are rated A by CARE Ratings and the issue will be
settled next week.
($1 = 82.3780 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Vinay Dwivedi)
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