BSNL to issue 10-year government-guaranteed bonds: Traders

MUMBAI: India’s Bharat Sanchar Nigam Ltd plans to raise at least 5 billion rupees ($60.54 million) through a sale of 10-year government-guaranteed bonds, three merchant bankers said on Monday.

The state-run telecom company has invited bids from investors and merchant bankers on Wednesday between 1030 and 1200 IST on the BSE’s electronic platform. The issue also has a greenshoe option to retain an additional subscription of 37 billion rupees.