MUMBAI, May 2 (Reuters) - India's Muthoot Finance has accepted bids worth 3.03 billion rupees ($37.0
million) for bonds maturing in three years and three months,
three merchant bankers said on Tuesday.
The company will pay an annual coupon of 8.43% on the issue,
for which it had invited bids from investors and bankers earlier
in the day, they said.
The bonds are rated AA+ by Crisil and will mature on July
31, 2026.
The issue will be settled on Wednesday.
Earlier this month, the company raised 7.50 billion rupees
through bonds maturing in five years at an annual coupon of
8.50%.
($1 = 81.8150 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
