NEW ISSUE-Pantaloon Retail selling 2.5 bln rupees of bonds

Newswire

MUMBAI, July 20 (Reuters) - Pantaloon Retail India Ltd , India's top-listed retailer, is selling 2.5 billion rupees of bonds, two sources with knowledge of the matter said on Monday.

The five-year bonds carry a coupon rate of 11.50 percent, and are rated 'A-minus' by CARE and Fitch. AK Capital is sole arranger to the issue. (Reporting by Jeanette Rodrigues; Editing by Ramya Venugopal)

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