India New Issue-Aditya Birla Finance accepts bids for 5-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, April 28 (Reuters) - India's Aditya Birla Finance has accepted bids worth 10 billion rupees ($122.31 million) through sale of bonds maturing in five years, three merchant bankers said on Friday. The non-banking finance company will pay an annual coupon of 8.01%, for which it had invited bids from bankers and investors earlier in the day.


The bonds are rated AAA by ICRA and India Ratings, and the issue will be settled next week.


($1 = 81.7590 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia)

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