Earlier this month, the company had raised 19.55 billion rupees selling bonds maturing in two years, 10 months and 14 days, and in five years at 8.00% and 7.90% coupon, respectively. ($1 = 82.1200 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Sonia Cheema)
MUMBAI, April 21 (Reuters) - India's Bajaj Finance has accepted bids worth 13.17 billion rupees ($160.4
million) for bonds maturing in two years and two months, three
merchant bankers said on Friday.
The non-banking financial company will pay an annual coupon
of 7.89% on this issue and had invited bids from bankers and
investors on Thursday, the bankers said.
The notes are rated AAA by Crisil and India Ratings and will
mature in June 2025.
The issue will be settled on Friday.
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