MUMBAI, April 26 (Reuters) - India's Aditya Birla
Finance plans to raise at least 5 billion rupees ($61.19
million) through sale of bonds maturing in five years, three
merchant bankers said on Wednesday.
The non-banking finance company will pay an annual coupon of
8.01% and has invited bids from bankers and investors for the
issue on Friday, they said.
The bonds are rated AAA by ICRA and India Ratings, and the
issue will be settled next week.
The issue has a greenshoe option to retain an additional 5
billion rupees.
($1 = 81.7080 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Subhranshu Sahu)
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