Public sector North Eastern Electric Power Corp Ltd (NEEPCO) on Monday called for bids to raise Rs 3 billion in seven-year bonds through the electronic bidding platform. It received bids worth Rs 135 million, asking for a coupon of 9.25 per cent. Last week, government-owned Rural Electrification Corp (REC) wanted to raise three-year 13-day bonds worth Rs 5 billion with a greenshoe option of another Rs 20 billion.
It received bids worth Rs 5.8 billion at 9 per cent. None of the issues took place. Sensing this, ONGC Petro Additions Ltd (OPAL) scrapped its plan to raise Rs 10 ...
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