Earlier this month, the company raised 3 billion rupees for
bonds maturing in two years and in three years and six months,
both at a coupon of 9.35%.
($1 = 82.2830 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
MUMBAI, March 27 (Reuters) - India's Arka Fincap has
accepted bids worth 750 million rupees ($9.11 million) for the
sale of bonds maturing in three years and three months, two
merchant bankers said on Monday.
The company will pay a coupon of 9.30% on the issue, for
which it has invited bids from investors and bankers earlier in
the day, they said.
The bonds are rated AA- by Crisil and will mature in June
2026.
The bond issue will be settled On Tuesday.
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