|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
India's Power Finance Corporation is planning to sell at least 1 billion rupees ($18.15 million) via tax free bonds, according to a term sheet obtained by Reuters on Monday.
The power sector lender will sell 10-year bonds at 7.21 percent and 15-year debt at 7.38 percent, the document showed.
The bond sale is scheduled to open and close on Tuesday.
The fundraising from the state-run firm will be the second tax-free issuance this financial year after IIFCL, which raised 5 billion rupees through three tranches of tax-free bonds earlier this month.
Nine companies have been allowed to issue a total of 535 billion rupees of tax-free bonds this fiscal year, which ends in March 2013.