India New Issue-Spandana Sphoorty Financial to issue 2-year bonds - bankers

Spandana Sphoorty Financial

19/04/2023 14:27

MUMBAI, April 19 (Reuters) - India's Spandana Sphoorty Financial  SPAD.NS  plans to
raise 1.5 billion rupees ($18.25 million) through bonds maturing in two years, two merchant
bankers said on Wednesday.
    The company will pay a coupon of 11.10% on this bond issue, for which it has 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 = 82.1800 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Shailesh Kuber)
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