NFL to raise upto 1 bn rupees via fertiliser bonds

NFL to raise upto 1 bn rupees via fertiliser bonds
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First Published: Fri, Oct 03 2008. 11 38 AM IST
Updated: Fri, Oct 03 2008. 11 38 AM IST
Reuters
Mumbai: The government of India is selling special fertiliser bonds to raise up to Rs1 billion for National Fertilisers Ltd on Friday, two merchant bankers associated with the deal said.
The bonds will carry a coupon of 7.95% and will mature on 18 February 2026, according to the termsheet seen by Reuters.
The issue will close at 3 p.m. on Friday.
The lead arrangers to the issue are A K Capital, Almondz, Axis Bank, Centrum Capital, Darashaw, ICICI Securities, Trust Investment Advisors, LKP Securities and SPA Merchant Bankers.
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First Published: Fri, Oct 03 2008. 11 38 AM IST