India New Issue-Vivriti Capital accepts bids for 2-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, May 4 (Reuters) - India's Vivriti Capital Pvt Ltd has accepted bids worth 1 billion rupees ($12.2 million) for bonds maturing in two years, two merchant bankers said on Thursday. The company will pay a coupon of 8.62% on this issue, for which it had invited bids from investors and merchant bankers earlier in the day. The bonds are rated A by Care Ratings and the issue will be settled next week. In March, the company raised 1 billion rupees via bonds maturing in two years and two months at a coupon that was 303 basis points over the 10-year government bond yield.


($1 = 81.7400 Indian rupees) (Reporting by Bhakti Tambe; Editing by Savio D'Souza)

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