MUMBAI, March 27 (Reuters) - India's JM Financial Home
Loans has accepted bids worth 100 million rupees for 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 8.75% for this issue and had invited bids earlier in the day,
they said.
The notes are rated AA by ICRA and will be settled on
Tuesday.
In June, JM Financial raised 500 million rupees selling
bonds maturing in four years at an annual coupon linked to
three-month Kotak Mahindra Bank's marginal cost of lending rate.
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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