Both issuances have a put and a call option on May 18, 2024.
The notes will mature in May 2025 and May 2026, respectively.
The bonds are rated AA by India Ratings and the issue will
be settled on Thursday.
($1 = 81.7800 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Janane Venkatraman)
MUMBAI, May 15 (Reuters) - India's Shrem Infrastructure
Finance plans to raise up to 1.1 billion rupees ($13.45 million)
through two bonds, one maturing in three years and the other in
two years, three merchant bankers said Monday.
The company will pay a coupon of 9.75% on both bond issues,
for which it has invited bids from investors and bankers on
Wednesday, they said.
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