MUMBAI, April 5 (Reuters) - Indiabulls Commercial Credit
plans to raise at least 1 billion rupees ($12.2 million) through
a public issue of non-convertible debentures, according to a
product note.
The issue opened for subscription on Monday and will close
on April 19. The issue also has a greenshoe option to retain an
oversubscription of up to 1 billion rupees.
The company is offering bonds maturing in 24 months, 36
months and 60 months at an annual coupon in the range of
9.60%-10.00% for institutional investors.
Edelweiss Financial Services, Elara Capital (India) and
Trust Investment Advisors are the lead managers for the bond
issue, rated AA by CRISIL and ICRA.
($1 = 82.1800 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Sonia Cheema)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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