MUMBAI State-run Mahanagar Telephone Nigam Ltd (MTNL.NS) is planning to raise up to 10 billion rupees through 10-year bonds at 9.39 percent semi-annual coupon, two sources with direct knowledge of the deal said.
The bonds are rated AAA (SO) by Crisil and Care, and the telecom firm had set the base size for the sale at 5 billion rupees, the sources said.
(Reporting by Archana Narayanan)
Trending On Reuters
The deaths of a number of witnesses in a massive fraud case surrounding cheating at college and government jobs has become the latest source of discomfort for the Bharatiya Janata Party (BJP), already on the defensive over influence trafficking allegations. Full Article
Insight - Car dashboards that act like smart phones raise safety issues Full Article