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India New Issue-India's IIFL Finance accepts bids for over 1-year bonds, bankers say

MUMBAI, March 9 (Reuters) - India's IIFL Finance IIFL.NS accepted bids worth 5 billion rupees ($54.20 million) for the sale of bonds maturing in one year and 15 days, three bankers said on Monday.

It will pay a coupon of 8.60% and had invited commitment bids for the issue earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on March 9:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
IIFL Finance1 year 15 days8.605March 9AA (Crisil)
*Size includes base plus greenshoe for some issues ($1 = 92.2460 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar) ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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