MUMBAI, May 9 (Reuters) - India's Mahindra Rural Housing
Finance plans to raise 7.5 billion rupees ($91.7 million) by
selling separately transferable redeemable principal parts
(STRPP) bonds, two merchant bankers said on Tuesday.
The company will pay a coupon of 8.3150% on this bond issue
and has invited bids from investors and bankers on Thursday,
they said.
The bonds are rated AAA by Crisil and the issue will be
settled later this week.
In April, the company raised 3 billion rupees via bonds
maturing in two years and two months at a coupon of 8.55%.
($1 = 81.7800 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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