MUMBAI, March 22 (Reuters) - Mahindra Lifespaces
plans to raise 5 billion rupees ($92.09 million) through a
triple tranche bond at 10.78 percent, a source with direct
knowledge of the deal said.
The firm will raise 1.25 billion rupees through three-year
zero coupon bonds, said the source.
The real estate firm will raise 1.75 billion rupees through
four-year low coupon bonds and 2 billion rupees via five-year
low coupon bonds with redemption at premium, the source said.
The pay in for the deal is scheduled for April 2, said the
($1 = 54.2950 Indian rupees)
(Reporting by Archana Narayanan; Editing by Subhranshu Sahu)