MUMBAI, April 24 (Reuters) - India's APL Apollo Building
Products has accepted bids worth 2 billion rupees ($24.4
million) for bonds maturing in three years, three merchant
bankers said on Monday.
The company will pay an annual coupon of 7.80% on the issue,
for which it had invited bids from bankers and investors earlier
in the day, they said.
The bonds are rated AA by ICRA and the issue will be settled
later this week.
($1 = 81.8790 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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