In March, the company raised 300 million rupees through
reissue of 9.45% December 2032 bonds at 9.45% yield.
($1 = 82.2670 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita
Bhattacharjee)
MUMBAI, April 3 (Reuters) - India's IIFL Finance plans to raise 1.25 billion rupees ($15.19 million)
through sale of bonds maturing in over one year, three merchant
bankers said on Mondday.
The company will pay a coupon of 8.50% on this issue, for
which it has invited bids from bankers and investors on
Wednesday, they said.
The notes are rated AA by CRISIL and the issue will be
settled on Thursday.
The issue will mature on April 15, 2024.
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