Earlier this month, the company raised 1.25 billion rupees selling bonds maturing in more than one year at 8.50% coupon. ($1 = 81.6950 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
MUMBAI, April 28 (Reuters) - India's IIFL Finance plans to raise at least 300 million rupees ($3.67
million) through the sale of bonds maturing in 10 years, three
merchant bankers said on Friday.
The company will pay a coupon of 9.20% on this issue, for
which it has invited bids from bankers and investors on Tuesday,
the bankers said.
The notes are rated AA by CRISIL and the issue will be
settled next week.
The issue has a greenshoe option to retain an additional
1.35 billion rupees.
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