BMW India Fin plans to raise 5 bln rupees via bonds-source

Source : REUTERS
Last Updated: Fri, Jul 20, 2012 18:50 hrs

MUMBAI, July 19 (Reuters) - BMW India Financial Services is planning to raise 5 billion rupees ($90.16 million) through a bond sale, a source with direct knowledge of the deal said on Thursday.

BMW India is a unit of premium carmaker BMW. The issue is rated "AAA" by rating agency Crisil.

HSBC has been picked as the arranger for the bond sale, said the source.

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