MUMBAI, March 19 (Reuters) - India's Food Corporation of
India has fixed coupons to raise 50 billion rupees ($922.42
million) through dual tranche bonds, three sources with
knowledge of the deal said.
The state-owned firm will raise most of its funds, about 47
billion rupees, though 15-year bonds at 8.80 percent and the
rest through 10-year bonds at 8.62 percent, the sources said.
The bonds are rated AAA by Crisil and ICRA, and will be
guaranteed by the central government, the sources said.
($1 = 54.2050 Indian rupees)
(Reporting by Archana Narayanan; Editing by Bijoy Koyitty)