MUMBAI, Nov 2 (Reuters) - India's Rural Electrification Corp
Ltd invited bids on Friday to raise at least 5 billion
rupees ($93.01 million) through unsecured bonds, a termsheet
obtained by Reuters showed.
The firm will issue seven-year bonds with a bullet
redemption, a 10-year vanilla bond and seven-year bonds with
staggered yearly unequal redemptions starting from the fifth
year, the document said.
The issue, rated AAA by Crisil and LAAA by ICRA, is
tentatively slated to open on Monday and close on Wednesday, it
($1 = 53.7600 Indian rupees)
(Reporting by Archana Narayanan; Editing by Prateek Chatterjee)