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MUMBAI -(Dow Jones)- State-run Steel Authority of India Ltd. (500113.BY) options to elevate at least INR2 billion by offering fifteen-calendar year bonds early following week, four folks acquainted with the issue explained Friday. The steelmaker has indicated an successful yield of 9.35% and has the selection to retain excess bids, the folks told Dow Jones Newswires, but asked not to be named. They said the proposed bond is probably to see good need from traders because of a lack of offerings from leading-rated firms in modern days. They extra that the steelmaker can raise among INR4 billion and INR10 billion. The firm had raised INR4 billion via a 10-year bond at a yield of 9.30% two weeks back. In early August, the business deferred a proposed ten-12 months and 15-calendar year bond sale as its watch on efficient yields did not match that of the investors. Copyright © 2011 Dow Jones Newswires