MUMBAI, May 11 (Reuters) - India's Hero Fincorp has
accepted bids worth 500 million rupees ($6.11 million) for bonds
maturing in three years, two bankers said on Thursday.
The company will pay a coupon of 8.35% on this bond issue,
for which it had invited bids from investors and bankers earlier
in the day, they said.
The bonds are rated "AA+" by ICRA and the issue will be
settled on Friday.
In December, the company had raised 350 million rupees
through bonds maturing in two years at a coupon of 8.25%.
($1 = 81.7800 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Shilpi Majumdar)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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