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01-01-1970 12:00 AM | Source: Reuters
Can Fin Homes sets 7.8% coupon for over 3-year bonds -traders
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India's Can Fin Homes Ltd has set 7.80% coupon for bonds maturing in three years and three months, four merchant bankers said on Tuesday.
The non-banking financial company, which had invited coupon and commitment bids from bankers and investors on Tuesday, has accepted bids worth 10 billion rupees ($125.25 million), they said.
The bonds are rated AA+ by India Ratings and ICRA.
The issue, which will close for subscription on Wednesday, will mature on Nov. 24, 2025.
($1 = 79.8420 Indian rupees)
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