BSNL, MTNL to Raise Rs. 19,356 Crore Through Government Bonds, Merchant Bankers Say

BSNL, MTNL to Raise Rs. 19,356 Crore Through Government Bonds, Merchant Bankers Say

ByNews Polite

Indian corporate bond market participants are braced for a heavy supply of government-guaranteed bonds over the next few weeks, as state-run telecom giants MTNL and BSNL aim to raise $2.34 billion (roughly Rs. 19,300 crore), three merchant bankers said. Mahanagar Telephone Nigam Ltd and Bharat Sanchar Nigam Ltd intend to…