Power Grid raises money through Dollar Bonds

The country’s largest transmission provider Power Grid Corp. of India Ltd (PGCIL) expects to price at about 2.50 % more than similar-maturity Treasuries, or 40 basis points less than Bharat Petroleum Corp. (BPCL) paid in the latest Indian offering. Average premiums for the nation’s dollar debt tightened 48 basis points to 372 this quarter and reached the lowest since May 2011, HSBC Holdings Plc data show. Global corporate spreads fell 14 basis points to 158, according to Bank of

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