India New Issue-Ecap Equities to reissue multiple-tenor bonds - bankers

Kitco Media
By Reuters
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Reuters
MUMBAI, April 26 (Reuters) - India's Ecap Equities plans to raise 900 million rupees($10.99 million) each through the reissue of two zero-coupon bonds, one maturing in April 2026 and the other in February 2027, two merchant bankers said on Wednesday. The company has invited bids from investors and bankers for the bond issuances on Thursday, they said. The bonds are rated AA by CRISIL and the issue will be settled on Friday. ($1 = 81.9125 Indian rupees) (Reporting by Bhakti Tambe)

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