($1 = 81.8030 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Savio D'Souza)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, April 28 (Reuters) - India's Shrem
Infrastructure plans to raise at least 1 billion rupees ($12.22
million) through the sale of bonds maturing in five years, two
merchant bankers on Friday.
The company has invited bids from bankers and investors for
the bond issue on Wednesday.
The issue also has a greenshoe option to retain an
additional subscription of up to 700 million rupees.
The bonds are rated AA by India Ratings and the issue will
be settled later next week.
Earlier this month, the company raised 1.20 billion rupees
via bonds maturing in three years at a coupon of 10.50%.
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