In March, the company raised 1 billion rupees through reissue of 8.40% December 2032 bonds. ($1 = 81.8600 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
MUMBAI, April 10 (Reuters) - Fullerton India Credit Co
has accepted bids worth an aggregate of 5.50 billion rupees
($67.19 million) for bonds maturing in two years and 11 months
and in three years, three merchant bankers said on Monday.
The non-banking finance company will pay an annual coupon of
8.45% on both the issues, and had invited bids from bankers and
investors on Thursday, they said.
The notes are rated AAA by Crisil and Care Ratings, and the
issue will be settled later in the day.
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