MUMBAI, May 5 (Reuters) - India's Summit Digitel Infrastructure plans to raise 14.75 billion rupees ($174.7 million) through the sale of bonds maturing in 15 years, two merchant bankers said on Monday.
The company, which provides infrastructure services to mobile network operators, has invited bids from bankers and investors later in the day, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Summit Digitel Infrastructure | 15 years | 7.31 (quarterly) | 14.75 | May 5 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 84.4330 Indian rupees)
(Reporting by Dharamraj DhutiaEditing by Sonia Cheema)
((Dharamraj.dhutia@tr.com))
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