MUMBAI, JUNE 01By Hitesh Vyas: Tata Power Wednesday said it aims to raise Rs 15 billion via sale of perpetual bonds. The bonds have no maturity or redemption and are callable only at the option of the company, Tata Power said in a filling to Bombay Stock Exchange. The coupon for the Tata Power Rs 15 billion perpetual bond is set at 11.4%, with a step up provision if bonds are not called after 10 years, the company said. The lead manager for Tata Power Rs 15 billion perpetual bonds are Standard Chartered Bank and Yes Bank, the company said.Filed by Gautam ChakravorthyPhone: +91 (22) 66497000. feedback@tickerplantindia.com Copyright (c) TickerPlant Ltd.
Copyright (c) TickerPlant Ltd.
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