MUMBAI, April 17 (Reuters) - India's Shriram Finance has accepted bids worth an aggregate of 8.40 billion
rupees ($102.40 million) for the reissue of 9.00% June 2024
bonds and 8.50% October 2032 bonds, two merchant bankers said on
Monday.
The non-banking finance company has accepted bids worth 8.10
billion rupees for June 2024 bonds at a yield of 9.0180%, while
it accepted bids worth 300 million rupees for October 2032 bonds
at a yield of 8.65%.
It had invited bids from bankers and investors earlier in
the day and issues will be settled on Tuesday.
The bonds are rated AA+ by Crisil.
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 = 82.0340 Indian rupees)
(Reporting by Dharamraj Dhutia
)
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