($1 = 81.7900 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, April 27 (Reuters) - India's Sundaram Home
Finance has accepted bids worth 2 billion rupees ($24.5 million)
for bonds maturing in three years, three merchant bankers said
on Thursday.
The company will pay an annual coupon of 8% on the issue,
for which it had invited bids earlier in the day, they said.
The bonds are rated AAA by ICRA and the issue will be
settled on Friday.
In March, the company raised 1.5 billion rupees through
bonds maturing in three years at a coupon of 8.31%.
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