MUMBAI, May 11 (Reuters) - India's Mahindra Rural
Housing Finance has accepted bids worth 7.5 billion rupees
($91.71 million) for separately transferable redeemable
principal parts (STRPP) bonds, two merchant bankers said on
Thursday.
The company will pay a coupon of 8.3150% on the bond issue,
for which it had invited bids from investors and bankers earlier
in the day.
The bonds are rated AAA by Crisil and the issue will be
settled on Friday.
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 Sohini Goswami)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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