India New Issue-Fullerton India Home Finance to issue 3-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, May 15 (Reuters) - Fullerton India Home Finance plans to raise 3.5 billion rupees ($42.80 million) through bonds maturing in three years, three merchant bankers said on Monday. The company will pay a coupon of 8.35% on this issue, for which it has invited bids from investors and bankers on Tuesday. The bonds are rated AAA by CRISIL and the issue will be settled later this week.


In February, the company raised 750 million rupees via bonds maturing in three years at a coupon of 8.20%.
($1 = 81.7800 Indian rupees) (Reporting by Bhakti Tambe)

bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.