The Indian government aims to raise at least 280 billion Indian rupees ($3.41 billion) through the sale of bonds on Friday.

The Reserve Bank of India will likely set underwriting commission for these notes in the 1.00 paise to 1.50 paise range, according to a Reuters poll of nine traders.

Note Quantum (in bln Median Min Max

rupees)

7.38% 2027 70 1.50 paise 1.00 paise 2.50 paise

7.26% 2032 120 1.20 paise 1.00 paise 1.50 paise

7.36% 2052 90 1.00 paise 0.80 paise 1.30 paise

($1 = 82.1580 Indian rupees)

(Reporting by Dharamraj Lalit Dhutia; Editing by Savio D’Souza)

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