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India's Srei Equipment Finance to issue nonconvertible debentures

Srei Infrastructure Finance Ltd. unit Srei Equipment Finance Ltd. plans to issue 2.5 billion rupees worth of secured, nonconvertible debentures.

The company has an option to retain oversubscription up to 5 billion rupees, according to a Dec. 21 stock exchange filing. The issuance will open Jan. 3, 2017, and close Jan. 20, 2017.

As of Dec. 21, US$1 was equivalent to 67.85 Indian rupees.