India New Issue-Ugro Capital accepts bids for 3-year bonds - traders

Ugro Capital

06/03/2023 12:17

MUMBAI, March 6 (Reuters) - India's Ugro Capital  UGRO.NS 
has accepted bids worth 500 million rupees ($6.1 million) for
bonds maturing in three years, two merchant bankers said on
Monday. 
    The non-banking finance company will pay a coupon of 10.50%
on this issue, and had invited commitment bids on Monday, they
said.
The notes of the company are rated A- by CRISIL and the issue
will be settled on Wednesday.

($1 = 81.8970 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))