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Avaada Ventures plans two 3-year bond series, bankers say

Avaada Ventures plans to raise up to 35.15 billion rupees by issuing two series of three-year bonds, paying an 11.75% coupon on both issues. Commitment bids are invited for Thursday.

42 million) through the sale of two bond series maturing in three years, according to three bankers on Wednesday. 75% coupon on both issues and has asked for commitment bids on Thursday, they said.