The bonds are rated AA- by CRISIL and the issue will be settled on Thursday. In February, the company raised 400 million rupees via bonds maturing in two years at a coupon of 10.75%.
($1 = 81.7800 Indian rupees) (Reporting by Bhakti Tambe)
MUMBAI, May 15 (Reuters) - India's IIFL Samasta Finance
plans to raise at least 1.5 billion rupees ($18.34 million)
through bonds maturing in seven years, three merchant bankers
said on Monday.
The company will offer a coupon of 11% for this issue, for
which it has invited bids from investors and bankers on
Wednesday.
The issue also has a greenshoe option to retain an
additional subscription of up to 1.5 billion rupees.
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