The bonds are rated AA+ by CRISIL and the issue will be settled on Thursday. In February, the company raised 350 million rupees via the reissue of 8.50% October 2032 bonds at a yield of 8.42%. ($1 = 81.7890 Indian rupees) (Reporting by Bhakti Tambe)
MUMBAI, May 3 (Reuters) - India's Shriram Finance has accepted bids worth 750 million rupees ($9.17
million) for bonds maturing three years, two merchant bankers
said on Wednesday.
The company will pay a coupon of 8.75% on the bond issue,
for which it had invited bids from investors and bankers earlier
in the day.
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.