India's TELCO plans $90 mln overseas bond issue

Newswire

NEW DELHI, July 23 (Reuters) - India's largest truck maker, Tata Engineering & Locomotive Co Ltd (TELCO) , will raise $90 million by issuing foreign currency convertible bonds, the Bombay Stock Exchange said on Wednesday. TELCO will also have the option of raising a further $10 million through the greenshoe option or by retaining a part of the oversubscription, the exchange said in a statement on its Web site, www.bseindia.com. The bonds will have a term of five years and then be ...

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