In October, the company had raised 460 million rupees by selling bonds maturing in five years at a semi-annual coupon of 10.95% on the issue.
($1 = 82.3340 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Sonia Cheema)
MUMBAI, March 27 (Reuters) - India's Annapurna Finance
plans to raise 200 million rupees ($2.4 million) by selling
bonds maturing in five years and five months, three merchant
bankers said on Monday.
The non-banking financial company will pay a coupon of
13.10% on the issue and has invited commitment bids on Tuesday,
they said.
The notes are rated A- by ICRA and the issue will be settled
on Wednesday.
The issue will mature in August 2028.
In October, the company had raised 460 million rupees by selling bonds maturing in five years at a semi-annual coupon of 10.95% on the issue.
In October, the company had raised 460 million rupees by selling bonds maturing in five years at a semi-annual coupon of 10.95% on the issue.
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