The state-run company has invited coupon and commitment bids for both the issues on Friday, they said. One of the issues has a put option at end of three years and 19 days, and will have a greenshoe option to retain an additional 20 billion rupees, while the plain vanilla bond issue will have a greenshoe option to retain an additional 12 billion rupees.
The bonds are rated AAA by Crisil, CARE Ratings and ICRA and
the issues will be settled next week.
Earlier this month, PFC raised an aggregate of 57.63 billion
rupees selling bonds maturing in three years and four months,
and separately transferable redeemable principal part (STRPP)
bonds maturing from seven years to 10 years, at an annual coupon
of 7.77% and 7.82% respectively.
($1 = 82.4170 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by
Sherry Jacob-Phillips)
