The notes are rated AAA by CARE Ratings and the issue will close for subscription next week.
($1 = 82.6520 Indian rupees) (Reporting by Dharamraj Dhutia)
MUMBAI, Feb 16 (Reuters) - India's MRF plans to
raise 1.50 billion rupees ($18.15 million) through sale of bonds
maturing in three years, two merchant bankers said on Thursday.
The company has invited bids from bankers and investors on
Monday, they said.
It will pay a coupon that would be linked to 182-day
Treasury Bill yield.
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