MUMBAI, April 20 (Reuters) - India's Piramal Capital &
Housing Finance has accepted bids worth 1.50 billion rupees
($18.26 million) for bonds maturing in three years and one
month, three merchant bankers said on Thursday.
The company will pay an annual coupon of 8.75% on this issue
for which it has invited commitment bids earlier in the day,
they said.
The bonds are rated AA by CARE Ratings and the issue will be
settled on Friday.
The issue will mature in May 2026.
($1 = 82.1250 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
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.