MUMBAI, March 28 (Reuters) - Fullerton India Credit Co
has accepted bids worth 1 billion rupees ($12.2 million) for the
reissue of 8.40% December 2032 bonds, three merchant bankers
said on Tuesday.
The non-banking finance company will offer a yield of 8.40%
on this reissue, and had invited bids from bankers and investors
earlier in the day, they said.
The notes are rated AAA by Crisil and Care Ratings, and the
issue will be settled later this week.
Earlier this month, the company raised an aggregate of 10
billion rupees selling bonds maturing in one year, 10 months and
25 days, one year and 11 months, and in two years at a coupon of
8.54%.
($1 = 82.2360 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.