India New Issue-Dishman Carbogen Amics to issue over 3-year bonds - traders

Dishman Carbogen Amcis

17/03/2023 09:00

MUMBAI, March 17 (Reuters) - India's Dishman Carbogen
Amics plans to raise at least 500 million rupees ($6.06 million)
through a sale of bonds maturing in three years and one month,
two merchant bankers said on Friday. 
    The company will pay a coupon of 9.25% and has invited
commitment bids from bankers and investors on March 24, they
said. 
    The bonds are rated A+ by India Ratings and the issue has a
greenshoe option to retain an additional 500 million rupees. 
    The issue will be settled later in the month, and will
mature in April 2026. 


($1 = 82.5150 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
 ((Dharamraj.dhutia@tr.com))