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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 250.6 INR | -0.95% |
|
-6.20% | -9.45% |
MUMBAI (Reuters) - India's Mahindra and Mahindra Financial Services has accepted bids worth 7.5 billion rupees ($93.80 million) for bonds maturing in five years, three merchant bankers said on Monday.
The non-banking finance company will pay an annual coupon of 7.9% for the issue and had invited commitment bids earlier in the day, they said.
The notes of the company are rated AAA by India Ratings and the issue will close for subscription on Tuesday.
Earlier in August, the company had raised 2.75 billion rupees through sale of bonds maturing in one year and 10 months at an annual coupon of 7.4601%.
($1 = 79.9550 Indian rupees)
(Reporting by Dharamraj Lalit Dhutia; Editing by Neha Arora)
| 1st Jan change | Capi. | |
|---|---|---|
| -9.45% | 3.7B | |
| -8.78% | 49.45B | |
| -6.71% | 30.26B | |
| +48.27% | 26.46B | |
| +26.81% | 24.88B | |
| +19.74% | 18.36B | |
| +0.68% | 12.76B | |
| +14.30% | 10.55B | |
| +12.66% | 7.99B | |
| -30.25% | 7.34B |
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED 
