MTNL raises Rs 1500 cr through 10 year Bonds, can this transform MTNL ?
MTNL has raised Rs 1,500 crore by selling bonds to institutional investors on Monday at 8.41 % annual rate and the funds would be used to repay debt. "We floated a Rs. 1,000 crore 10-year-bond issue, which was fully subscribed. We have received bids worth Rs. 1,500 crore from investors and we will retain the full amount using the green-shoe option," according to a report. However, the amount raised will be... Read More