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India's Tata Motors plans to raise 3 bln rupees via bonds
March 25, 2014 / 6:51 AM / 4 years ago

India's Tata Motors plans to raise 3 bln rupees via bonds

MUMBAI, March 25 (Reuters) - India’s Tata Motors is planning to raise 3 billion rupees ($49.34 million) through 4-year 11-month bonds at 10 percent, a source with direct knowledge of the deal said.

The bonds are rated AA+ by Care rating agency, and Deutsche Bank is the sole arranger to the bond sale, said the source. ($1 = 60.8050 Indian Rupees) (Reporting by Archana Narayanan; Editing by Subhranshu Sahu)

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