The state-run telecommunication services company accepted bids worth 16.18 billion rupees ($195.9 million) for the bond issue, for which it had invited coupon and commitment bids from bankers and investors earlier in the day.
The notes are rated AAA (CE) by India Ratings<\/a> and CARE Ratings, and the issue will close for subscription on Friday.
MTNL had raised 27.58 billion rupees and 61.10 billion rupees in two offerings last November, at semi-annual coupons of 7.87% and 8.00%, respectively.
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