MUMBAI, April 21 (Reuters) - India's Mahindra and
Mahindra Financial Services Ltd has accepted bids
worth 6.82 billion rupees ($83.1 million) for bonds maturing in
three years and one month, three merchant bankers said on
Friday.
The non-banking financial company will pay an annual coupon
of 8.25% on this issue, for which it had invited bids from
bankers and investors on Thursday, they said.
The notes are rated AAA by Crisil, and the issue will be
settled in the day.
The issue will mature in May 2026. In March, the company
raised 45 billion rupees from separately transferable redeemable
principal part bonds maturing in five years at 8.25% coupon.
($1 = 82.1200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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