MUMBAI, May 2 (Reuters) - India's Axis Finance has
accepted bids worth 3 billion rupees ($36.6 million) for bonds
maturing in three years and three months, three merchant bankers
said on Tuesday.
The non-banking finance company will pay an annual coupon of
7.99% on the issue, for which it had invited bids earlier in the
day, they said.
The bonds are rated AAA by Crisil, and the issue will be
settled on Wednesday.
The issue will mature in August 2026.
In March, the company had raised 3.85 billion rupees by
selling bonds maturing in three years and two months at an
annual coupon of 8.35%.
($1 = 81.8480 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K
Editing by)
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