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India's Tata Sons to raise min 3 bln rupees via dual-tranche bonds

Source : REUTERS
Last Updated: Tue, Jul 17, 2012 08:45 hrs
A shopkeeper poses for a picture as he counts Indian currency notes at his shop in Jammu

Tata Sons, the holding company of India's Tata Group, plans to raise at least 3 billion rupees ($54.27 million) via dual-tranche bonds, a source with direct knowledge of the matter said on Tuesday.

The firm plans to sell three-year bonds at 9.78 percent and 10-year bonds at 9.70 percent, the source said.

ICICI Securities Primary Dealership is the arranger to the bond issue, the source said.

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