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India's Tata Sons plans to raise at least 3 bln rupees via bonds - source
January 7, 2014 / 9:57 AM / 4 years ago

India's Tata Sons plans to raise at least 3 bln rupees via bonds - source

MUMBAI, Jan 7 (Reuters) - Tata Sons, the holding company of India’s Tata Group, plans to raise at least 3 billion rupees ($48.12 million) via two separate bond deals, a source with direct knowledge of the matter said on Tuesday.

The firm will issue 5-year bonds at 9.78 percent and 10-year bonds at 9.74 percent, the source said.

ICICI Securities Primary Dealership is the arranger to the deal.

$1 = 62.3450 Indian rupees Reporting by Archana Narayanan; Editing by Anupama Dwivedi

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