MUMBAI, March 28 (Reuters) - India's Annapurna Finance
has accepted bids worth 200 million rupees ($2.43 million) for
bonds maturing in five years and five months, three merchant
bankers said on Tuesday.
The non-banking financial company will pay a coupon of
13.10% on the issue and had invited commitment bids earlier in
the day, 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 raised 460 million rupees by selling
bonds maturing in five years at a semi-annual coupon of 10.95%
on the issue.
($1 = 82.2575 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
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