MUMBAI, April 19 (Reuters) - India's Spandana Sphoorty Financial plans to
raise 1.5 billion rupees ($18.25 million) through bonds maturing in two years, two merchant
bankers said on Wednesday.
The company will pay a coupon of 11.10% on this bond issue, for which it has invited bids
from investors and bankers on Friday.
The bonds are rated A by India Ratings.
In March, the company raised 1.25 billion rupees via bonds maturing in two years at a coupon
of 10.50%.
($1 = 82.1800 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Shailesh Kuber)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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.