MUMBAI, Aug 8 (Reuters) - India’s Virescent Renewable Energy Trust plans to raise 500 million rupees ($6.29 million) selling bonds maturing in three years, two merchant bankers said on Monday.
The company will pay an annual coupon of 7.95% on this issue, and has invited commitment bids from bankers and investors for the same on Wednesday, they said.
The bonds are rated AAA by CRISIL and India Ratings and the issue will close for subscription on Friday. ($1 = 79.5225 Indian rupees) (Reporting by Dharamraj Lalit Dhutia)
