India New Issue-Vardhman Textiles accepts bids for over 1-year bonds - bankers

Vardhman Textiles

17/03/2023 09:13

MUMBAI, March 17 (Reuters) - India's Vardhman Textiles
Ltd  VART.NS  has accepted bids worth 1.50 billion rupees ($18.2
million) for bonds maturing in over one year, three merchant
bankers said on Friday.
    The company will pay a coupon of 7.70% on the issue for
which it has invited bids from bankers and investors earlier in
the day, they said.
    The bonds are rated AA+ by CRISIL and the issue will be
settled next week.
    The bonds will mature in March 2024.
 
 ($1 = 82.5500 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
 ((Dharamraj.dhutia@tr.com))