MUMBAI, April 13 (Reuters) - India's Shriram Finance Ltd plans to raise at least 250 million rupees ($3.1
million) through the reissue of 8.50% October 2032 bonds, two
merchant bankers said on Thursday.
The non-banking finance company has invited bids from
bankers and investors on Monday, they said.
The bonds are rated AA+ by Crisil, and the issue will be
settled on Tuesday.
The issue has a greenshoe option to retain an additional
1.25 billion rupees.
Earlier this month, the company had raised an aggregate of
3.65 billion rupees via sale of bonds maturing in two years and
two months, and reissue of 8.75% June 2026 bonds.
($1 = 81.9430 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Varun H K)
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