The infrastructure finance company has accepted bids worth 6 billion rupees for over five-year bonds and 1 billion rupees for 10-year bonds, they said. It will pay an annual coupon of 8.05% and 8.04% on these issues, respectively, and had invited bids from bankers and investors earlier in the day.
The notes are rated AAA by Crisil and ICRA and the issues will be settled next week. In December, the company raised 9.40 billion rupees selling bonds maturing in five years at an annual coupon of 7.87%. ($1 = 82.0720 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Shinjini Ganguli)
