MUMBAI, March 27 (Reuters) - India's Vivriti Capital Pvt
Ltd plans to raise 1 billion rupees ($12.1 million) through the
sale of bonds maturing in two years and two months, two merchant
bankers said on Monday.
The company will pay a coupon of 303 basis points over the
10-year government bond yield, which currently works at 10.4%.
It has invited bids from investors and merchant bankers on
Tuesday.
The bonds are rated A by Care Ratings and will mature in May
2024. The issue will be settled later this week.
Last week, the company raised 300 million rupees through
bonds maturing in one year and six months at a coupon of 9.60%.
($1 = 82.3475 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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