India New Issue-Can Fin Homes to issue 39-month bonds - traders

Can Fin Homes

22/08/2022 07:04

MUMBAI, Aug 22 (Reuters) - India's Can Fin Homes Ltd
 CNFH.NS  plans to raise at least 2 billion rupees ($25.04
million) through sale of bonds maturing in three years and three
months, two merchant bankers said on Monday. 
    The non-banking financial company has invited coupon and
commitment bids from bankers and investors on Tuesday. 
    The bonds are rated AA+ by India Ratings and ICRA and the
issue will close for subscription on Wednesday. 
    The issue has a greenshoe option to retain an additional 8
billion rupees and will mature on Nov. 24, 2025. 
($1 = 79.8620 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia; Editing by Subhranshu
Sahu)
 ((Dharamrajlalit.dhutia@tr.com))