($1 = 82.0300 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shilpi Majumdar)
MUMBAI, April 18 (Reuters) - India's Bajaj Finance Ltd plans to raise at least 5 billion Indian rupees
($60.95 million) through sale of bonds maturing in two years and
two months, three merchant bankers said on Tuesday.
The non-banking financial company has invited bids from
bankers and investors on Thursday, the merchant bankers said.
The notes are rated "AAA" by Crisil and India Ratings and
will mature in June 2025.
The issue has a greenshoe option to retain an additional 20
billion rupees and will be settled on Friday.
Earlier this month, the company had raised 19.55 billion
Indian rupees selling bonds maturing in two years, 10 months and
14 days, and in five years at 8.00% and 7.90% coupon,
respectively.
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.