MUMBAI Nov 19 India's Rural Electrification
Corp Ltd is planning to sell up to 5 billion rupees
($90.76 million) via a private placement of tax free bonds,
according to a term sheet obtained by Reuters on Monday.
The base size of the issue is 1 billion rupees and the issue
has a green shoe option of 4 billion rupees, as per the
The state-run power financing company will sell 10-year
bonds at 7.21 percent and 15-year debt at 7.38 percent, the
The book is scheduled to open and close on Monday and is
rated 'AAA' by Crisil and Care.
Power Finance Corp is also planning to sell at
least 1 billion rupees in tax free bonds this week.
Nine companies have been allowed to issue a total of 535
billion rupees of tax-free bonds this fiscal year, which ends in
For the complete list double click
($1 = 55.0900 Indian rupees)
(Reporting by Archana Narayanan)