India New Issue-Edelweiss Alternative Asset to issue over 3-year bonds - bankers

Edelweiss Financial Services

22/02/2023 03:55

MUMBAI, Feb 22 (Reuters) - India's Edelweiss Alternative
Asset Advisors plans to raise 1 billion rupees ($12.07 million)
through bonds maturing in three years and six months, three
merchant bankers said on Wednesday. 
    The company has invited bids from bankers and investors next
Tuesday. Bidding will take place on the Bombay Stock Exchange's
electronic platform between 10:30 a.m. IST and 11:30 a.m. IST. 
    The company will offer a coupon of 10.83% on this bond
issue. 
    The bonds are rated AA- by CRISIL and the issue will be
settled next week. 
($1 = 82.8220 Indian rupees)
 (Reporting by Bhakti Tambe; Editing by Sohini Goswami)
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