The notes are rated A- by ICRA and the issue will close for
subscription later this week. The bonds will mature in October
2024.
In January, the company raised 250 million rupees by selling
four-year bonds at an annual coupon of 12.30%.
($1 = 81.9600 Indian rupees)
(Reporting by Bhakti Tambe)
MUMBAI, April 5 (Reuters) - India's Satin Creditcare
Network has accepted bids worth 500 million rupees
($6.10 million) through bonds maturing in 18 months, two
merchant bankers said on Wednesday.
The company will pay an annual coupon of 11.20% on the issue
and had invited commitment bids from bankers and investors
earlier in the day.
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