long-term bonds

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    Restructuring Boosts Maharashtra’s Energy Sector

    Mumbai, April 7 Maharashtra's state-owned power distribution company will be split into two entities under a financial restructuring plan approved by the state cabinet on Tuesday, and one of them will be listed on stock exchanges after an IPO is launched within six to nine months of the...
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    Indian Bank Raises ₹5,000 Crore Through Infrastructure Bonds

    Mumbai, March 23 The state-run Indian Bank announced on Monday that it had raised ₹5,000 crore through a 10-year long-term infrastructure bond issue at a coupon rate of 7.15 per cent.The lender received two bids for a total amount of ₹3,100 crore at a 7.13 per cent coupon, two bids each for a...
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    Union Bank Plans Infrastructure and Housing Bond Raise

    New Delhi, March 16 State-owned Union Bank of India said on Monday that its board has approved a proposal to raise ₹20,000 crore by issuing infrastructure bonds to fund various projects.The committee of Directors for fund raising (Non-Capital) has approved the issuance of long-term bonds...
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