($1 = 81.9650 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Savio D'Souza)
MUMBAI, April 26 (Reuters) - Toyota Financial Services
India plans to raise 3 billion rupees ($36.6 million) through
bonds maturing in three years and one month, three merchant
bankers said on Wednesday.
The non-banking financial company will pay an annual coupon
of 8.10% on this issue and has invited commitment bids from
bankers and investors on Thursday, they said.
The bonds are rated AAA by ICRA, and will be settled next on
Friday.
The issue will mature in May 2026.
In March, the company had raised 1.50 billion rupees selling
bonds maturing in three years and three months at an annual
coupon of 8.35%.
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