Mumbai, Sept 22 - State-run Food Corp of India is selling bonds on Monday, to raise up to 2.5 billion rupees, three merchant bankers said.
The company is selling bonds in two tranches of 8.15 percent bonds maturing in 2022 and 8.03 percent bonds maturing in 2024, according to the termsheet seen by Reuters.
The issue will be sold through a multiple-price method on Sept. 22 up to 3 p.m., the termsheet said.