MTNL may issue Rs 1,200-crore government bonds

MUMBAI: State-run Mahanagar Telephone Nigam is likely to issue government guaranteed bonds to raise funds worth up to 1,200 crore, sources said.

Bidding for the bond sale is likely to take place on August 23. On July 14, MTNL informed the exchanges that it had received in-principle approval to issue bonds worth up to 6,661 crore via private placement in the current financial year.