MUMBAI, April 25 (Reuters) - India's Aditya Birla
Housing Finance has accepted bids worth 3.10 billion rupees
($37.85 million) for bonds maturing in five years, two merchant
bankers said on Tuesday.
The company will pay an annual coupon of 8.10% on the issue,
for which it had invited bids from investors and bankers earlier
in the day, they said.
The bonds are rated AAA by ICRA and Crisil and the issue
will be settled on Wednesday.
In November, the housing finance company raised 2.50 billion
rupees through bonds maturing in three years at a coupon of
7.95%.
($1 = 81.8975 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
