Godrej to raise Rs 2.5 bn via bonds

The firm has a call option at the end of one year,said the source.

Written by Agencies | Mumbai | Published: October 16, 2012 1:34 pm

India’s Godrej Consumer Products Ltd plans to raise 2.5 billion rupees ($47.15 million) via two-year zero coupon bonds at 9.40 percent,a source with direct knowledge of the deal said on Tuesday.

The firm has a call option at the end of one year,said the source.

HSBC is the arranger to the deal,the source added.

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