MUMBAI, April 17 (Reuters) - India's Mahindra Rural
Housing Finance has accepted bids worth 3 billion rupees ($36.62
million) for bonds maturing in two years and two months, three
bankers said on Monday.
The company will pay a coupon of 8.55% on the issue for
which it invited bids from investors and bankers earlier in the
day, they said.
The bonds are rated AAA by CRISIL and the issue will be
settled later this week.
In January, Mahindra Rural Housing Finance raised 3 billion
rupees through bonds maturing in three years at a coupon of
8.20%.
($1 = 81.9300 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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