India New Issue-Spandana Sphoorty Financial accepts bids for 2-year bonds - bankers

Spandana Sphoorty Financial

21/04/2023 13:19

MUMBAI, April 21 (Reuters) - India's Spandana Sphoorty
Financial  SPAD.NS  has accepted bids worth 1.50 billion rupees
($18.28 million) for bonds maturing in two years, two merchant
bankers said on Friday.
    The company will pay a coupon of 11.10% on this bond issue,
for which it had invited bids from investors and bankers on
Friday.
    The bonds are rated A by India Ratings.
    In March, the company raised 1.25 billion rupees via bonds
maturing in two years at a coupon of 10.50%.

    ($1 = 82.0590 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sherry
Jacob-Phillips)
 ((Dharamraj.dhutia@tr.com))