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PowerGrid to raise Rs 5,000 crore

PowerGrid to raise Rs 5,000 crore

Power Grid Corporation of India (PGC) is looking to raise up to Rs 5,000 crore by offering bonds with 5-, 10- and 15-year maturities. The triple-A rated company has already set an upper limit for the coupon at 9.40 per cent annually, above which no investor will be allowed to bid. The cut-off yield across maturities may be fixed in the range of 9.30-9.35 per cent.

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