MUMBAI, April 18 (Reuters) - India's Shriram Housing
Finance plans to raise 250 million rupees ($3.05 million)
selling bonds maturing in three years and one month, three
merchant bankers said on Tuesday.
The company will pay an annual coupon of 8.95% on the issue,
and has invited bids from bankers and investors on Wednesday,
the merchant bankers said.
The bonds are rated AA+ by CARE Ratings and India Ratings,
and the issue will be settled on Thursday.
In March, the company raised 750 million rupees bonds
maturing in three years at a coupon of 8.95%.
($1 = 81.9470 Indian rupees)
(Reporting by Dharamraj Dhutia;
Editing by Sohini Goswami)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.