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SIDBI plans to raise 3.5 bln rupees via bonds - source

Source : REUTERS
Last Updated: Wed, Mar 20, 2013 11:26 hrs
An employee of the KBA-MetalPrint company puts welding lines in Stuttgart

The Small Industries Development Bank of India (SIDBI) is planning to raise 3.5 billion rupees ($64.32 million) via three-year bonds at 8.84 percent, a source with direct knowledge of the matter said.

The bonds have a put/call option at the end of one year and one day, said the source.

HSBC is the sole arranger to the bond sale, the source said.

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