date:Mar 04, 2014
Food Corporation of India (FCI) plans to raise up to 80 billion rupees ($1.29 billion) in government-guaranteed bonds through a private placement, according to a term sheet, in what traders said could potentially be the country's biggest corporate debt sale.
The current record holder is Air India Ltd's 74 billion rupee sale of government-guaranteed bonds in July 2012. But India lacks reliable data on corporate bond sales.
Like Air India, a large portion of the FCI sale is expected to be bought