The issue has a greenshoe option to retain an additional 3.50 billion rupees and will be settled next week. Earlier this month, the company raised 7.50 billion rupees through bonds maturing in five years at an annual coupon of 8.50% ($1 = 81.6950 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Sherry Jacob-Phillips)
MUMBAI, April 28 (Reuters) - India's Muthoot Finance plans to raise at least 2.50 billion rupees ($30.60
million) selling bonds maturing in three years and three months,
three merchant bankers said on Friday.
The company will pay an annual coupon of 8.43% on the bond
issue, for which it has invited bids from investors and bankers
on Tuesday.
The bonds are rated AA+ by Crisil and will mature on July
31, 2026.
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