India New Issue-Ugro Capital to issue 3-year bonds - traders

Ugro Capital

03/03/2023 02:59

MUMBAI, March 3 (Reuters) - India's Ugro Capital  UGRO.NS 
plans to raise at least 250 million Indian rupees ($3.04
million) through sale of bonds maturing in three years, two
merchant bankers said on Friday.
    The non-banking finance company will pay a coupon of 10.50%
on this issue, and has invited commitment bids on Monday, they
said. 
    The notes of the company are rated A- by CRISIL and the
issue will be settled next week. 
    The issue has a greenshoe option to retain an additional
2.50 billion rupees. 

    ($1 = 82.3700 Indian rupees)

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