MUMBAI, May 9 (Reuters) - India's Shriram Finance Ltd has accepted bids worth 700 million rupees ($8.6
million) for the reissue of 8.75% June 2026 bonds, three
merchant bankers said on Tuesday.
The company will pay a yield of 8.75% on this bond issue,
for which it had invited bids earlier in the day.
The bonds are rated AA+ by India Ratings and the issue will
be settled later this week.
Last week, the company raised 750 million rupees via bonds
maturing in three years at a coupon of 8.75%.
($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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