India New Issue-JK Cement to issue 5-year bonds - bankers
17/03/2023 04:16
MUMBAI, March 17 (Reuters) - India's JK Cement JKCE.NS
plans to raise 1 billion rupees ($12.12 million) through bonds
maturing in five years, two merchant bankers said on Friday.
The company has invited bids from bankers and investors for
the issue on Monday, they said.
The bonds are rated AA+ by CARE and the issue will be
settled on Tuesday.
($1 = 82.5175 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Janane Venkatraman)
((Bhakti.Tambe@thomsonreuters.com; Reuters Messaging:
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: https://twitter.com/TambeBhakti))
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