Last week, the company raised 300 million rupees through bonds maturing in one year and six months at a coupon of 9.60%. ($1 = 82.1380 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)
MUMBAI, March 28 (Reuters) - India's Vivriti Capital has accepted bids worth 1 billion
rupees ($12.17 million) for bonds maturing in two years and two months, two merchant bankers
said on Tuesday.
The company will pay a coupon of 303 basis points over the 10-year government bond yield,
which currently works at 10.40%.
It had invited bids from investors and merchant bankers earlier in the day and the issue
will be settled later this week.
The bonds are rated A by Care Ratings and will mature in May 2024.
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