The issue will be settled next week. In March, the company raised 5 billion rupees through separately transferable redeemable principal part bonds maturing in three years, and four years and six months. ($1 = 82.1675 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Sohini Goswami)
MUMBAI, April 21 (Reuters) - India's Muthoot Finance has accepted bids worth 7.50 billion rupees ($91.28
million) for bonds maturing in five years, three merchant
bankers said on Friday.
The company will pay an annual coupon of 8.50% on the bond
issue, for which it had invited bids from investors and bankers
earlier in the day.
The bonds are rated AA+ by Crisil and have a put option in
May 2026.
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