In January, the company raised 250 million rupees by selling four-year bonds at an annual coupon of 12.30%. ($1 = 82.2650 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
MUMBAI, April 3 (Reuters) - India's Satin Creditcare
Network plans to raise at least 250 million rupees
($3.04 million) selling bonds maturing in 18 months, two
merchant bankers said on Monday.
The company will pay an annual coupon of 11.20% on the issue
and has invited commitment bids from bankers and investors on
Wednesday, they said.
The notes are rated A- by ICRA and the issue will close for
subscription later this week.
The issue has a greenshoe option to retain an additional 250
million rupees and will mature in October 2024.
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.