The company invited bids from bankers and investors earlier in the day and has accepted bids worth 16.50 billion rupees ($199.90 million) they said. The bonds are rated AAA by CRISIL and ICRA and the issue will be settled on Thursday. 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%. ($1 = 82.5430 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
MUMBAI, March 1 (Reuters) - India's Hindustan Petroleum Corp has set 7.74% coupon for bonds maturing in five years,
three merchant bankers said on Wednesday.
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