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Sterlite to raise 5 bln rupees via bonds - source

Source : REUTERS
Last Updated: Mon, Dec 03, 2012 09:55 hrs
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Sterlite Industries plans to raise 5 billion rupees ($91.92 million) through a bond issue at 9.24 percent, a source with direct knowledge of the deal told Reuters on Monday.

The firm will issue ten-year bonds with a put/call at the end of the fifth year, the source said.

The issue is rated AA+ by Crisil/Fitch and Yes Bank is the sole arranger to the deal, the source added.

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