$1 = 82.6350 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Sohini Goswami)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 21 (Reuters) - Power Grid Corp of India has set a coupon of 7.52% on staggered redemption
bonds maturing in 10 years, three merchant bankers said on
Tuesday.
The state-run company has also accepted bids worth 8.67
billion rupees ($104.92 million) for the bond issue, for which
it invited bids from bankers and investors earlier in the day.
The bonds are rated AAA by CRISIL, CARE and ICRA. The
company will make a quarterly coupon payment on the bond issue
and it will be settled on Thursday.
In February, the company raised 21.20 billion rupees through
staggered redemption bonds maturing in 10 years at a coupon of
7.40%.
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