The bonds are rated AA by India Ratings and the issue will be settled on Thursday. In April, the company raised 1.20 billion rupees via bonds maturing in three years at a coupon of 10.50%.
($1 = 81.7850 Indian rupees) (Reporting by Bhakti Tambe)
MUMBAI, May 3 (Reuters) - India's Shrem Infrastructure
has accepted bids worth 1.2 billion rupees ($14.67 million) for
bonds maturing in five years, two merchant bankers on Wednesday.
The company will pay a coupon of 9.75% on this issue, for
which it had invited bids from bankers and investors earlier in
the day.
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