India New Issue-IndoStar Capital Finance to issue multiple tenor bonds -traders

IndoStar Capital Finance

27/12/2022 03:13

MUMBAI, Dec 27 (Reuters) - India's IndoStar Capital
Finance  INAC.NS  plans to raise an aggregate of 3.72 billion
rupees ($45 million) through multiple tenor bonds, two merchant
bankers said on Tuesday.
    The non-banking finance company aims to raise 920 million
rupees through one-year bonds and 400 million rupees each
through 15-month and 18-month bonds.
    It also plans to raise 1.08 billion rupees through 21-month
bonds and 920 million rupees through two-year notes, the bankers
added.
    It has invited commitment bids for all the options on
Wednesday.
    The bonds are rated AA- by CRISIL and the issues will close
for subscription on Thursday. 
($1 = 82.6500 Indian rupees)
 (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Savio D'Souza)
 ((Dharamraj.dhutia@tr.com))