The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities
MTNL Bonds are issued by Mahanagar Telephone Nigam Limited, a PSU that provides cellular network services in Mumbai and Delhi in India. MTNL is owned by BSNL, a government cellular network service company that operates pan India. In 2022, MTNL defaulted on its interest payments to the Union Bank of India. This forced them to delay the issue of government guaranteed bonds they were planning.