01-01-1970 12:00 AM | Source: Reuters
Bajaj Finance accepts bids for 5-year bonds - traders
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India's Bajaj Finance Ltd has accepted bids worth 6.50 billion rupees ($81.40 million) for bonds maturing in five years, three merchant bankers said on Wednesday.
The non-banking finance company, which had invited bids from bankers and investors earlier in the day, will pay an annual coupon of 7.60% on this issue, they said.
The notes are rated AAA by CRISIL and India Ratings. The issue will close for subscription on Thursday.
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