The issue has a put option at end of three years. PFC raised 25.40 billion rupees in December, by selling bonds maturing in three years and one month at an annual coupon of 7.58%. ($1 = 82.7050 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sonia Cheema)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 20 (Reuters) - India's Power Finance Corp (PFC) has set a 7.64% coupon on its bonds maturing in
10 years, three merchant bankers said on Monday.
The state-run company has accepted bids worth 35 billion
rupees ($423.2 million) on this issue, for which it had invited
coupon and commitment bids earlier in the day. The issue was
fully subscribed.
The bonds are rated AAA by CRISIL, CARE and ICRA and the
issue will settled on Wednesday.
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