MUMBAI, April 5 (Reuters) - India's IIFL Finance Ltd has accepted bids worth 1.25 billion rupees ($15.24
million) for bonds maturing in more than one year, three
merchant bankers said on Wednesday.
The company will pay a coupon of 8.50% on this issue, for
which it had invited bids from bankers and investors earlier in
the day, the bankers said.
The notes are rated "AA" by CRISIL and the issue will be
settled on Thursday.
The issue will mature on April 15, 2024.
In March, the company raised 300 million rupees through the
reissue of 9.45% December 2032 bonds at 9.45% yield.
($1 = 82.0000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shounak Dasgupta)
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