MUMBAI, March 29 (Reuters) - India's Power Finance Corp has set 7.70% and 7.77% coupon for bonds maturing in
three years, five months and 15 days and in five years and 15
days respectively, three merchant bankers said on Wednesday.
The state-run company had invited bids for both the bond
issuances earlier in the day and has accepted bids worth 12
billion rupees ($145.76 million) and 13.90 billion rupees, they
said.
The bonds are rated AAA by CRISIL and the issue will be
settled on Friday.
Last week, PFC raised 12 billion rupees through bonds
maturing in 10 years and 19 days at a coupon of 7.66% and
another 5.84 billion rupees through similar maturity bonds at a
coupon of 7.70%.
($1 = 82.3250 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Dhanya Ann Thoppil)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.