The bonds have a put/call option at end of two years and will close for subscription in April.
The bonds are rated "AA" by India Ratings. ($1 = 82.1930 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Maju Samuel)
MUMBAI, March 31 (Reuters) - India’s Shrem
Infrastructure plans to raise 1.20 billion Indian rupees ($14.6
million) through the sale of bonds maturing in three years, two
merchant bankers on Friday.
The company will pay a coupon of 10.50% to the investors of
each issue, and has invited bids from bankers and investors on
April 10, they said.
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