MUMBAI, May 8 (Reuters) - India's NIIF Infrastructure
Finance has accepted bids worth 5 billion rupees ($61.14
million) for staggered redemption bonds maturing in six years to
10 years, three merchant bankers said on Monday.
The company will pay an annual coupon of 8.01% and had
invited bids from bankers and investors earlier in the day, they
said.
The bonds are rated AAA by ICRA and the issue will be
settled on Tuesday.
In April, the company raised 4 billion rupees via the
reissue of 7.17% August 2031 bonds.
($1 = 81.7800 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Nivedita Bhattacharjee)
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