MUMBAI, May 15 (Reuters) - India's Ecap Equities plans
to raise 1.25 billion rupees ($15.28 million) each through the
reissue of two zero-coupon bonds, one maturing in April 2026 and
the other in February 2027, two merchant bankers said on Monday.
The company has invited bids from investors and bankers for
the bond issuances on Wednesday, they said.
The bonds are rated AA by CRISIL and the issue will be
settled on Thursday.
In April, the company raised 258 million rupees on the
reissue of April 2026 bond at a yield of 11.91% and 257.5
million rupees on February 2027 reissue at a yield of 11.96%.
($1 = 81.7800 Indian rupees)
(Reporting by Bhakti Tambe)
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