BMW India Fin raises 8 bln rupees via 2-,3-,5-yr bonds

Newswire

MUMBAI, July 26 (Reuters) - BMW India Financial Services has raised 8 billion Indian rupees ($142.44 million) through a bond sale, a source with direct knowledge of the deal said on Thursday. The firm issued two-year bonds at 9.95 percent, three-year bonds at 10.05 percent and five-year bonds at 10.25 percent, the source said. BMW India is a unit of premium carmaker BMW. The issue is rated 'AAA' by rating agency Crisil. HSBC is the arranger for the bond sale, the source ...

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