The bonds, expected to be issued in the last week of May, will carry a tenor of 2.5 to 3 years and are likely to be priced in the 9-9.5% range, the people said. Barclays and Citibank have been mandated to manage the issuance.
Gold prices surged Wednesday as President Trump announced a two-week pause in attacks on Iran, easing inflation fears. Spot gold climbed significantly, with futures also
Sebi has granted a one-time breather to listed companies struggling to meet minimum public shareholding norms due to market volatility from West Asian geopolitical tensions.
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