India New Issue-Kamat Hotels (India) to issue 4-year bonds - traders

Kamat Hotels (India)

12/01/2023 13:57

MUMBAI, Jan 12 (Reuters) - India's Kamat Hotels (India)
 KAMT.NS  plans to raise 2.98 billion rupees ($36.60 million)
through the sale of bonds maturing in four years, two merchant
bankers said on Thursday.
    The company has invited bids from bankers and investors for
the issue on Jan. 19, they said. 
    The bonds are rated C by Acuite Ratings, and the issue will
close for subscription later this month. 
    The bonds have a put option at the end of two years. 
($1 = 81.411 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)
 ((Dharamraj.dhutia@tr.com))