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MUTHOOTFIN Muthoot Finance News Story

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India New Issue-Muthoot Finance accepts bids for 10-year bond issue, bankers say

India New Issue-Muthoot Finance accepts bids for 10-year bond issue, bankers say

- India's Muthoot Finance MUTT.NS has accepted bids worth 15 billion rupees ($157.61 million) for bonds maturing in 10 years, three bankers said on Tuesday.

The company will pay an annual coupon of 8.55% and had invited coupon and 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 June 2

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Muthoot Finance

10 years

8.55

15

June 2

AA+ (Icra, Crisil)

*Size includes base plus greenshoe for some issues

($1 = 95.1700 Indian rupees)


(Reporting by Dharamraj Dhutia)

((Dharamraj.dhutia@tr.com))

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