($1 = 82.6720 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, March 16 (Reuters) - Nuclear Power Corp of India
(NPCIL) plans to raise at least 15 billion rupees ($181.4
million) through sale of bonds maturing in 15 years, three
merchant bankers said on Thursday.
The state-run company has invited coupon and commitment bids
from bankers and investors between 11:30 a.m. IST and 12:30 P.M.
IST on Monday, they said.
The bonds are rated AAA by ICRA and India Ratings and the
issue will be settled next week.
The issue has a greenshoe option to retain an additional 10
billion rupees, and also has a put option at end of five years.
In December, the company had raised 23.50 billion rupees
through sale of bonds maturing in 10 years at an annual coupon
of 7.55%.
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