The bonds are rated A+ by CARE Ratings and will mature in October 2028. The issue will be settled next week. Earlier this month, the company raised 500 million rupees through bonds maturing in five years and seven months at a coupon of 10.75%. ($1 = 82.3900 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe Editing by Vinay Dwivedi)
MUMBAI, March 24 (Reuters) - India's MAS Financial
Services has accepted bids worth 500 million Indian
rupees ($6.07 million) for bonds maturing in five years and
seven months, two bankers said on Friday.
The company will pay a coupon of 10.75% on this issue, for
which it had invited bids from investors and bankers earlier in
the day.
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