India New Issue-Aseem Infra Finance to issue 5-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, May 4 (Reuters) - India's Aseem Infrastructure Finance plans to raise at least 1 billion rupees ($12.2 million) by selling bonds maturing in five years, three merchant bankers said on Thursday. The company will pay an annual coupon of 8.30% on this issue and has invited commitment bids from bankers and investors, the merchant bankers said. The bonds are rated AA+ by CRISIL and the issue will be settled next week. In September, the company raised 6.5 billion rupees via bonds maturing in five years at an annual coupon of 8.25%.


($1 = 81.7240 Indian rupees) (Reporting by Bhakti Tambe; Editing by Savio D'Souza)

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