MUMBAI, April 28 (Reuters) - India's Shriram Finance raises 2.50 billion rupees ($30.60 million) for bonds
maturing in five years, three merchant bankers said on Friday.
The non-banking finance company will pay a semi-annual
coupon of 8.55%, they said.
The bonds are rated AA+ by Crisil.
On Thursday, the company raised 2.50 billion via another
five-year bond issue and will pay an annual coupon of 8.75% to
the investors.
($1 = 81.6950 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.