MTNL allots 3,615 bonds on Feb 24

New Delhi: State-owned MTNL said in a regulatory filing on Monday that it has allotted 3,615 bonds having a face value of Rs 10,00,000 on February 24. The filing also said that the rate of interest on the bonds is 7.8 percent. The bonds have been listed in BSE, it further said.

Describing the nature of bonds, it said, "Government of India Guaranteed, Unsecured, Rated, Listed Redeemable Non-Convertible and Taxable bonds in the nature of Debentures Series VII-D having date of maturity on February 24, 2033."

Credit rating of the bonds is "CARE AAA(CE), IND AAA(CE)/Stable," as per the filing. "The trading shall take place in standard denomination of Rs 10 Lakhs," it stated.

"The tick size for the securities is one paise," the filing said. It also stated the date of redemption as February 24, 2033.

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