($1 = 81.7400 Indian rupees) (Reporting by Bhakti Tambe; Editing by Savio D'Souza)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, May 4 (Reuters) - India's IIFL Finance Ltd has accepted bids worth 350 million rupees ($4.3
million) for bonds maturing in 10 years, three merchant bankers
said on Thursday.
The company will pay a coupon of 9.20% on this issue for
which it had invited bids from bankers and investors earlier in
the day.
The notes are rated AA by CRISIL and the issue will be
settled next week.
In April, the company raised 1.25 billion rupees by selling
bonds due to mature in more than one year at an 8.50% coupon.
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