The bonds are rated AAA by CRISIL, CARE and ICRA and the issue will be settled on Monday. Earlier this month, PFC raised 35 billion rupees selling bonds maturing in 10 years at an annual coupon of 7.64%. ($1 = 82.5680 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 2 (Reuters) - India's Power Finance Corp (PFC) has set 7.82% coupon on its bonds maturing in 15
years, three merchant bankers said on Thursday.
The state-run company has accepted bids worth 34.69 billion
rupees ($444.36 million) on this issue, for which it had invited
coupon and commitment bids earlier in the day.
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