Agencies has set a 7.51% coupon for infrastructure bonds maturing in 10 years, three merchant bankers said on Friday.
The country's largest lender had invited coupon and commitment bids from bankers and investors earlier in the day and has accepted bids worth 100 billion rupees ($1.23 billion), they said.
The bonds are rated AAA by India Ratings and , and the issue will close for subscription next week.
In September, raised 40 billion rupees through Basel III-compliant Tier II bonds maturing in 15 years at a 7.57% coupon
The country's largest lender had invited coupon and commitment bids from bankers and investors earlier in the day and has accepted bids worth 100 billion rupees ($1.23 billion), they said.
The bonds are rated AAA by India Ratings and , and the issue will close for subscription next week.
In September, raised 40 billion rupees through Basel III-compliant Tier II bonds maturing in 15 years at a 7.57% coupon
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