In January, the company raised 850 million rupees through bonds maturing in seven years at an annual coupon of 8.90%. ($1 = 82.2020 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
MUMBAI, March 29 (Reuters) - India's Trust Investment
Advisors has accepted bids worth 750 million rupees ($9.12
million) for bonds maturing in five years and seven days, two
merchant bankers said on Wednesday.
The company will pay a coupon of 8.90% and had invited bids
for the issue from investors and bankers on Tuesday, they said.
The bonds are provisionally rated AA+ by Acuite Ratings and
will be settled later in the day.
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