India's Reliance Comms sells $253 mln of CP-sources
MUMBAI |
MUMBAI Aug 24 (Reuters) - Reliance Communications (RLCM.BO), India's No. 2 mobile operator, has raised 12.25 billion rupees ($253 million) via short-term debt, two sources with knowledge of the deal said on Monday. The company sold one-month commercial paper at a yield of 3.40 percent, they added. The paper matures on Sept. 29, 2009.
LKP Securities was arranger to the issue. ($1=48.5 Indian rupees) (Reporting by Jeanette Rodrigues; Editing by Himani Sarkar)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters