Monday, May 20, 2013

MTNL plans to raise up to Rs 19.95 bn via bond in June: Report

MUMBAI: Mahanagar Telephone Nigam Ltdplans to raise up to Rs 19.95 billion through a bond sale in June, a termsheet obtained by Reuters showed.

The telecom firm is expected to issue 10 and 15 year government guaranteed
bonds, which are issued AAA (SO) by Crisil and Care, said the document.

The company has sought budgetary offers on May 23, the document showed.

The base size of the issue is Rs 10 billion.

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