India New Issue-Can Fin Homes sets 8.45% coupon for over 3-year bonds - bankers

Can Fin Homes

24/02/2023 08:28

MUMBAI, Feb 24 (Reuters) - India's Can Fin Homes Ltd
 CNFH.NS  has set a coupon of 8.45% for bonds maturing in three
years and three months, three merchant bankers said on Friday.
    The non-banking financial company had invited bids from
merchant bankers and investors earlier in the day and has
accepted bids worth 9.35 billion rupees ($112.96 million), they
said.
    The bonds are rated AAA by CARE, and the issue will be
settled next week.
    In December, Can Fin Homes raised 3.01 billion rupees
through bonds maturing in March 2026 at a coupon of 8.08%.
    ($1 = 82.7710 Indian rupees)
 (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Varun H K)
 ((Dharamraj.dhutia@tr.com))