Torrent Power plans record 20 billion rupee bond issue this month
The Indian utility firm aims to raise funds through staggered redemption bonds maturing in up to ten years. Axis Bank is reportedly arranging the deal.
Insights:
Torrent Power Limited is preparing to raise 20 billion rupees through the issuance of staggered redemption bonds in India 
IN. This proposed fundraise, which would be the company's largest market-based financing effort to date, features maturities of eight, nine, and 10 years with a coupon rate expected to be around 7.96 percent.
IN. This proposed fundraise, which would be the company's largest market-based financing effort to date, features maturities of eight, nine, and 10 years with a coupon rate expected to be around 7.96 percent.
