BSNL to raise ₹15000 crore through sovereign bonds next month

NEW DELHI : State run BSNL plans to issue sovereign bonds for raising ₹15,000 crore next month, its chairman and MD P. K. Purwar has said.

“We have written to DoT already asking for approval for the ₹15,000 crore sovereign bonds. DoT is in the process of sending it to finance ministry for approval. We can raise all ₹15,000 crore in one tranche. We expect to get the approval soon for the bonds to raise the funds”, P K Purwar, CMD of BSNL told IANS.

Government bond or sovereign bond is a bond issued by a national government, generally with a promise to pay periodic interest payments called coupon payments and to repay the face value on maturity.