India's Tata Capital Housing Finance accepts bids on bonds - traders

·1-min read

MUMBAI (Reuters) - India’s Tata Capital Housing Finance has accepted bids worth an aggregate 4.92 billion rupees ($62.20 million)on its two-part bond issuance, three merchant bankers said on Friday.

The housing finance company has accepted bids worth 2.92 billion rupees on three-year bonds and will pay an annual coupon of 7.55%.

It has accepted bids worth two billion rupees on five-year bonds and will pay an annual coupon of 7.80% to investors.

The bonds are rated AAA by ICRA and the issue will close for subscription on Friday.

($1 = 79.1060 Indian rupees)

(Reporting by Dharamraj Lalit Dhutia; Editing by Vidya Ranganathan)

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