It had invited bids for the reissue on Thursday. The bonds
are rated AA by CRISIL. The issue will be settled later in the
day.
($1 = 81.7800 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Dhanya Ann Thoppil)
MUMBAI, April 28 (Reuters) - India's Ecap Equities has
accepted bids worth 515.5 million rupees ($6.3 million) for the
reissue of two zero-coupon bonds, one maturing in April 2026 and
the other in February 2027, two merchant bankers said on Friday.
The company has accepted bids worth 258 million rupees on
the reissue of April 2026 bond at a yield of 11.91% and 257.5
million rupees on February 2027 reissue at a yield of 11.96%.
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