MUMBAI - India's NIIF Infrastructure Finance plans to raise 7.50 billion rupees ($88.2 million), including a greenshoe option of 3.50 billion rupees, through the sale of multiple tenor bonds, three bankers said on Friday.

The company will reissue 7.93% May 2032 bonds, while selling fresh 10-year bonds at a coupon of 7.71%, the bankers said.

It has invited bids from bankers and investors for the issues on Monday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on April 4:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

NIIF Infra Finance

10 years

7.71

3+2

April 7

AAA (Care, Icra)

NIIF Infra FinanceMay 2032 reissue

7 year and 1 month

To be decided

1+1.50

April 7

AAA (Care, Icra)

*Size includes base plus greenshoe for some issues

($1 = 85.0750 Indian rupees)

(Reporting by Dharamraj Dhutia Editing by Eileen Soreng)