($1 = 82.6630 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Savio D'Souza)
MUMBAI, Feb 16 (Reuters) - India's Power Finance Corp
Ltd plans to raise at least 6 billion rupees ($72.6
million) by selling bonds maturing in 10 years, three merchant
bankers said on Thursday.
The state-run company has invited coupon and commitment bids
from arrangers and merchant bankers between 10:30 a.m. and 11:30
a.m. IST on Monday, they said.
The bonds are rated AAA by CRISIL, CARE and ICRA and the
issue will close for subscription next week.
The issue has a greenshoe option to retain an additional 29
billion rupees, and has a put option at end of three years.
Power Finance raised 25.40 billion rupees in December, by
selling bonds maturing in three years and one month at an annual
coupon of 7.58%.
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