MUMBAI, March 14 (Reuters) - India's PNB Housing Finance plans to raise at least 1.50 billion rupees ($18.22
million) through sale of bonds maturing in 18 months, three
merchant bankers said on Tuesday.
The company has invited bids from bankers and investors on
Thursday, the merchant bankers said.
The bonds are rated "AA" by CRISIL and ICRA, and the issue
will be settled on Friday.
The issue has a greenshoe option to retain an additional
1.50 billion rupees and will mature in September 2024.
($1 = 82.3450 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shilpi Majumdar)
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