The bonds are rated A+ by CARE Ratings, and the issue will close for subscription later this week. In January, the company raised 1 billion rupees for bonds maturing in three years at an annual coupon of 9.25%. ($1 = 82.3350 Indian rupees) (Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 27 (Reuters) - India's Avanse Financial
Services plans to raise at least 500 million rupees ($6.07
million) by selling bonds maturing in three years and three
months, two merchant bankers said on Monday.
The non-banking financial company will pay an annual coupon
of 9.65% to investors of the issue and has invited commitment
bids from bankers and investors on Tuesday, they added.
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