India New Issue-Satin Creditcare accepts bids for 5-year bonds - traders

Satin Creditcare Network

09/12/2022 06:59

MUMBAI, Dec 9 (Reuters) - India's Satin Creditcare
Network  SATR.NS  has accepted bids worth 650 million rupees
($7.91 million) for bonds maturing in five years, two merchant
bankers said on Friday.
    The company will pay an annual coupon of 12.15% on this
issue, and had invited commitment bids from bankers and
investors earlier in the day, they said.
    The notes are rated BBB+ by CARE Ratings and the issue will
close for subscription next week. 
    The issue has a put/call option at the end of three years.
($1 = 82.1825 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)
 ((Dharamraj.dhutia@tr.com))