date:Mar 04, 2014
me fund manager at SPA Securities.
FCI solicited quotes from investors by Tuesday, and plans to issue 5-, 8- and 10-year bonds, according to the term sheet, which must be given at a spread of no more than 60 basis points over the underlying benchmark rate.
The base size of the issue is 10 billion rupees, but has a greenshoe option of 70 billion rupees.
FCI said the proceeds would be used to augmenting its long-term resources.
Food Corporation of India is in charge of maintaining and distribu