MUMBAI, April 21 (Reuters) - India's Spandana Sphoorty
Financial has accepted bids worth 1.50 billion rupees
($18.28 million) for bonds maturing in two years, two merchant
bankers said on Friday.
The company will pay a coupon of 11.10% on this bond issue,
for which it had invited bids from investors and bankers on
Friday.
The bonds are rated A by India Ratings.
In March, the company raised 1.25 billion rupees via bonds
maturing in two years at a coupon of 10.50%.
($1 = 82.0590 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry
Jacob-Phillips)
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.