India New Issue-JK Cement accepts bids for 5-year bonds - bankers

J K Cement

20/03/2023 12:21

MUMBAI, March 20 (Reuters) - India's JK Cement  JKCE.NS 
has accepted bids worth 1 billion rupees ($12.1 million) through
bonds maturing in five years, two merchant bankers said on
Monday.
    The company will pay a coupon of 7.90% on this issue, for
which it had invited bids from bankers and investors earlier in
the day. 
    The bonds are rated AA+ by CARE and the issue will be
settled on Tuesday.



($1 = 82.5850 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Sonia Cheema)
 ((Bhakti.Tambe@thomsonreuters.com; Reuters Messaging:
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: https://twitter.com/TambeBhakti))