Power Grid eyes up to Rs 1,900 crore via bond sale

MUMBAI: Power Grid Corporation is likely to raise up to 1,900 crore next week through the issuance of 10-year bonds, which will have an annual redemption structure for investors.

The bond issue is likely to have a base size of 500 crore and a greenshoe option of 1,400 crore, sources said. “They will most likely look at August 23 for the bidding,” a source said.