India's Torrent Power is planning to raise around $500 million through the issue of rupee-denominated bonds, its second such bond sale in the current financial year, three merchant bankers told Reuters on Thursday.
The power producer is considering bond sales worth 45 billion rupees ($473.44 million) to 50 billion rupees ($526.04 million), across 3-, 5-, 7- and 10-year maturities, the three bankers familiar with the deal said.
