MUMBAI, April 12 (Reuters) - India's Bajaj Finance has accepted bids worth an aggregate of 19.55 billion
Indian rupees ($238.60 million) for bonds maturing in two years,
10 months and 14 days and in five years, three merchant bankers
said on Wednesday.
The non-banking financial company has accepted bids worth
11.95 billion rupees via the shorter tenor bonds at 8.00%
coupon, they said.
For five-year bonds, it has accepted bids worth 7.60 billion
rupees at an annual coupon of 7.90%.
It had invited bids from bankers and investors for the
issues earlier in the day, and they will be settled on Thursday.
The notes are rated AAA by Crisil and India Ratings and will
mature in February 2026 and April 2028.
In March, the company had raised 49 billion rupees selling
bonds maturing in 10 years at an annual coupon of 8.08%.
($1 = 81.9360 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)
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