NEW ISSUE-India's MRF to raise 5 bln rupees of bonds at 10.09 pct-sources

Newswire

MUMBAI, May 20 (Reuters) - India's top tyre-maker MRF is raising 5 billion rupees via 8, 9 and 10 year bonds at 10.09 percent, two sources told Reuters on Friday. The company will issue 1.6 billion rupees each of 8 and 9 year bonds and 1.8 billion rupees of 10-year bonds, the sources added. The issue will open on Tuesday and close on Friday. Reuters had reported earlier this week that the company had invited bids to raise the amount via bonds. [ID:nL4E7GG0MS] The arrangers are Axis ...

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