MUMBAI, April 10 (Reuters) - India’s Shrem
Infrastructure has accepted bids worth 1.20 billion rupees
($14.7 million) for bonds maturing in three years, two merchant
bankers on Monday.
The company had invited bids from bankers and investors
earlier in the day, and will pay a coupon of 10.50% to the
investors of each issue.
The bonds have a put/call option at end of two years and
will close for subscription later this week.
The bonds are rated "AA" by India Ratings.
($1 = 81.9300 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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