June 8, 2012 / 6:20 AM / 5 years ago

Sterlite Industries to raise up to 25 bln rupees via bonds-sources

1 Min Read

MUMBAI, June 8 (Reuters) - Indian metals maker Sterlite
Industries is in talks with bankers to raise as much
as 25 billion rupees ($451.3 million) via bonds, proceeds of
which will go to its unit Sterlite Energy, three sources said on
    The company is planning to raise funds by issuing 5-year
bonds with a put/call at the end of third year and 10-year bonds
with five-year put/call, said the sources.	
    Base size of the issue is likely to be 15 billion rupees
with a green shoe option of up to 10 billion rupees, they said.	
    The issue will have a security cover of 1.25 times by
Sterlite Energy assets, they added.	
    Sterlite Industries did not respond to calls and emails.
 ($1 = 55.4 rupees)	
 (Reporting by Archana Narayanan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below