GMR ENERGY IN TALKS WITH INVESTORS TO ISSUE 5-YR BONDS

India’s GMR Energy plans to raise ₹1,600 crore ($184 million) via five-year bonds, two sources told Reuters on Tuesday, as the holding firm for two major power units taps the market for fresh funding.

- Reuters

The company will offer an internal rate of return of 14.60% to the investors of this issue, which include some alternative investment firms, foreign investors and foreign banks, the sources said.