MUMBAI, April 28 (Reuters) - India's Kerala Financial
Corp has accepted bids worth 2.74 billion rupees ($33.51
million) through separately transferable redeemable principal
part (STRPP) bonds, three bankers said on Friday.
The Kerala state-owned non-banking finance company will pay
a coupon of 8.63% on this issue, for which it had invited bids
from investors earlier in the day.
The bonds are rated AA by Acuite Ratings.
The bonds carry five tenors from six years to 10 years, with
equal quarterly redemptions in each series.
In March, the company raised 4.76 billion rupees through
STRPP bonds at a coupon of 8.90%.
($1 = 81.7640 Indian rupees)
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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.