The home finance company will pay a coupon of 8.50% to investors of the issue and had invited commitment bids from bankers and investors earlier in the day, sources said. The notes are rated AA by CRISIL and the issue will be settled on Friday. The issue has put and call options at the end of three years. ($1 = 82.3375 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
MUMBAI, March 29 (Reuters) - India's IIFL Home Finance
has accepted bids worth 2.80 billion rupees ($34.01 million) for
bonds maturing in three years, three merchant bankers said on
Wednesday.
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