The bonds are rated AA by CARE Ratings and the issue will be settled on Friday.
The issue has a greenshoe option to retain an additional 1.25 billion rupees and will mature
in May 2026.
($1 = 82.0100 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)
MUMBAI, April 18 (Reuters) - India's Piramal Capital & Housing Finance plans
to raise at least 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 8.75% on this issue for which it has invited
commitment bids on Thursday, they said.
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