MUMBAI, April 27 (Reuters) - Toyota Financial Services
India has accepted bids worth 3 billion rupees ($36.73 million)
for bonds maturing in three years and one month, three merchant
bankers said on Wednesday.
The non-banking financial company will pay an annual coupon
of 8.10% on this issue and had invited commitment bids from
bankers and investors earlier in the day, they said.
The bonds are rated AAA by ICRA, and will be settled next on
Friday.
The issue will mature in May 2026.
In March, the company had raised 1.50 billion rupees selling
bonds maturing in three years and three months at an annual
coupon of 8.35%.
($1 = 81.6760 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Nivedita Bhattacharjee)
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