($1 = 82.8030 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Sohini Goswami)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 27 (Reuters) - India's Hindustan Petroleum
Corp plans to raise at least 8 billion rupees ($96.61
million) through the sale of bonds maturing in five years, three
merchant bankers said on Monday.
The company has invited bids from bankers and investors on
Wednesday, they said.
The bonds are rated AAA by CRISIL and ICRA and the issue
will be settled on Thursday.
The issue has a greenshoe option to retain an additional 10
billion rupees.
In December, the company had raised 7.5 billion rupees
through bonds maturing in 10 years and four months at a coupon
of 7.54%.
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