($1 = 82.3180 Indian rupees) (Reporting by Dharamraj Dhutia )
MUMBAI, March 29 (Reuters) - India's Asirvad Micro
Finance has accepted bids worth 250 million rupees
($3.04 million) for bonds maturing in six years, two merchant
bankers said on Wednesday.
The non-banking financial company will pay an annual coupon
of 11.25% on this issue and had invited bids from bankers and
investors earlier in the day, they said.
The notes of the company are rated AA- by CRISIL and will be
settled on Friday.
In September, the company raised one billion rupees via the
sale of bonds maturing in six years at an annual coupon of
11.25%.
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.