MUMBAI, April 18 (Reuters) - India's Power Finance Corp has set 7.55% coupon for bonds maturing in three years
and three months, and 7.62% coupon for bonds maturing in 10
years and three months, three merchant bankers said on Tuesday.
The state-run company had invited bids from bankers and
investors for the same earlier in the day and accepted bids
worth 23.30 billion rupees ($284.01 million) and 21.02 billion
rupees, respectively.
The bonds are rated AAA by CRISIL and the issue will be
settled later this week.
The issues will mature in July 2026 and July 2033.
In March, PFC raised an aggregate of 25.90 billion rupees
through bonds maturing in three years, five months and 15 days
and in five years and 15 days at a coupon of 7.70% and 7.77%,
respectively.
($1 = 82.0380 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Sohini Goswami)
