Don’t miss the latest developments in business and finance.

MTNL plans to raise up to 10 billion rupees via bonds

Image
Reuters MUMBAI
Last Updated : Mar 25 2014 | 5:30 PM IST

MUMBAI (Reuters) - State-run Mahanagar Telephone Nigam Ltd 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)

More From This Section

First Published: Mar 25 2014 | 5:13 PM IST

Next Story