India's Sterlite to raise 5 bln rupees via bonds - source

Source : REUTERS
Last Updated: Mon, Dec 03, 2012 06:45 hrs
Sterlite Technology

India's Sterlite Industries plans to raise 5 billion rupees ($91.92 million) through a bond issue at 9.40 percent, a source with direct knowledge of the deal told Reuters on Monday.

The Indian metals producer plans to issue 10-year bonds with a put/call option at the end of 5 years, the source said.

Axis Bank is the sole arranger for the deal, the source said.

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