MUMBAI, May 10 (Reuters) - Tata Motors will sell 1 billion rupees of bonds this week, two sources with knowledge of the matter said on Monday.
The 10-year bonds carry a coupon rate of 9.75 percent and are rated 'AA-minus' by CARE and 'A-plus' by ICRA, they added.
Yes Bank is arranger to the issue. (Reporting by Jeanette Rodrigues; Editing by Ramya Venugopal)
Sign in to access
this Article
"NEW ISSUE-Tata Motors to sell 1 bln rupees of bonds-sources" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
