India New Issue-Fusion Micro Finance accepts bids for 2-yr bonds - traders

Fusion Finance

15/02/2023 10:52

MUMBAI, Feb 15 (Reuters) - India's Fusion Micro Finance
Ltd has accepted bids worth 450 million rupees ($5.4 million)
for bonds maturing in two years, two merchant bankers said on
Wednesday.
    The company will pay a coupon of 12% and had invited bids
from bankers and investors earlier in the day, they said.
    The notes of the company are rated A by ICRA and the issue
closed for subscription on Thursday.
 
 ($1 = 82.7980 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
 ((Dharamraj.dhutia@tr.com))