Tata Sons to raise 2 bn rupees via bonds

The issue has been scheduled for pay-in on Feb. 28,said the source.

Written by Agencies | Mumbai | Published: February 23, 2012 10:28:47 am

Tata Sons,the unlisted parent of India’s Tata Group,plans to raise at least 2 billion rupees ($40.6 million) through three-year bonds at 9.78 per cent,a source said on Thursday.

HSBC is the sole arranger to the deal,the source said.

The issue has been scheduled for pay-in on Feb. 28,said the source.

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