HDFC Credila Financial accepts bids for perpetual bonds -traders

India's HDFC Credila Financial Services has accepted bids worth 2 billion rupees ($24.52 million) for perpetual bonds, three merchant bankers said on Monday.

The company will pay an annual coupon of 8.15% on the issue and it had invited bids from bankers and investors earlier in the day, they said.

The bonds have a call option at the end of 10 years, and will close for subscription later this week.

The bonds are rated AAA by CRISIL and CARE Ratings.

In November, HDFC Credila raised 1.5 billion rupees through bonds maturing in 10 years at an annual coupon of 7.95%.

($1 = 81.5510 Indian rupees)