Why did did Arjunan Mahendran issue 10 billion at 11.75% if there is a huge demand for Bonds even at around 4%.
The current issue of bonds were
- 2 year Bonds: USD 30.00 million at 6 month Libor +3.6%
- 3 year Bonds: USD 51.25 million at 6 month Libor +3.8%
See here for current and historical LIBOR rates