Fullerton India Home accepts bids for over-2-yr bonds -traders

Fullerton India Home Finance has accepted bids worth 3.50 billion rupees ($43.13 million) for bonds maturing in two years and four months, three merchant bankers said on Thursday.

The non-banking finance company will pay an annual coupon of 8.40% on the issue and had invited bids from bankers and investors earlier in the day, they said.

The notes are rated AAA by CRISIL and the issue will close for subscription on Friday.

The issue will mature in March 2025.

Earlier this month, the company raised 3.90 billion rupees through bonds maturing in three years at an annual coupon of 8.20%.

($1 = 81.1450 Indian rupees)