The notes are rated AAA by CRISIL and India Ratings and the issue will be settled later this week. In March, the company had raised 49 billion rupees selling bonds maturing in 10 years at an annual coupon of 8.08%. ($1 = 81.9850 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Shailesh Kuber)
MUMBAI, April 10 (Reuters) - India's Bajaj Finance plans to raise funds
through the sale of bonds maturing in two years, 10 months and 14 days and in five years, three
merchant bankers said on Monday.
The non-banking financial company aims to raise at least 11 billion rupees ($134.17 million)
via the shorter tenor bonds and at least 3.50 billion rupees via five-year bonds, they said.
It has invited bids from bankers and investors for the issues on Wednesday, and they have a
greenshoe option to retain an additional 55 billion rupees and 17.50 billion rupees.
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