MUMBAI, April 12 (Reuters) - India's NTPC Ltd has set a 7.35% coupon for bonds maturing in three years, three
merchant bankers said on Wednesday.
The state-run company had invited bids from investors and
bankers for the issue earlier in the day, and has accepted bids
worth 30 billion rupees ($365.7 million), they said.
The bonds are rated AAA by Crisil and ICRA, and the issue
will be settled on April 17.
This is the first bond issue by NTPC in the current
financial year started April 1. In December, the company raised
5 billion rupees through bonds maturing in 10 years and four
months at a coupon of 7.44%.
($1 = 82.0400 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Varun H K)
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