India New Issue-Can Fin Homes sets 7.8% coupon for over 3-year bonds -traders

Can Fin Homes

23/08/2022 10:56

MUMBAI, Aug 23 (Reuters) - India's Can Fin Homes Ltd
 CNFH.NS  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)

 (Reporting by Dharamraj Lalit Dhutia;
Editing by Neha Arora)
 ((Dharamrajlalit.dhutia@tr.com))