In March, the company raised 1 billion rupees through reissue of 8.40% December 2032 bonds. ($1 = 82.2720 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Shinjini Ganguli)
MUMBAI, April 3 (Reuters) - Fullerton India Credit Co
plans to raise at least 2.50 billion Indian rupees ($30.39
million) through sale of bonds maturing in three years, three
merchant bankers said on Monday.
The non-banking finance company will pay an annual coupon of
8.45% on the issue and has invited bids from bankers and
investors on Thursday, they said.
The notes are rated AAA by Crisil and Care Ratings, and the
issue will be settled next week.
The issue has a greenshoe option to retain an additional
1.50 billion rupees.
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