MUMBAI, April 17 (Reuters) - India's APL Apollo Building
Products plans to raise 2 billion Indian rupees ($24.39 million)
selling bonds maturing in three years, three bankers said on
Monday.
The company will pay an annual coupon of 7.80% on the issue
for which it has invited bids from bankers and investors on
April 24, they said.
The bonds are rated AA by ICRA and the issue will be settled
next week.
($1 = 82.0080 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)
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