MUMBAI, April 13 (Reuters) - India's Mahindra Rural
Housing Finance plans to raise 3 billion rupees ($36.6 million)
through bonds maturing in two years and two months, three
bankers said on Thursday.
The company will pay a coupon of 8.55% on this issue for
which it has invited bids from investors and bankers on Monday,
they said.
The bonds are rated AAA by CRISIL and the issue will be
settled later next week.
In January, Mahindra Rural Housing Finance raised 3 billion
rupees through bonds maturing in three years at a coupon of
8.20%.
($1 = 81.9400 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Savio D'Souza)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
