New Issue-TELCO raises one bln rupees via bonds

Newswire

BOMBAY, Oct 7 (Reuters) - India's largest truck maker, Tata Engineering and Locomotive Company Ltd (TELCO), raised one billion rupees through bonds last week, debt dealers said on Monday.

TELCO raised 500 million rupees through four-year bonds with a call option at the end of three years at 7.70 percent.

It raised another 500 million rupees through floating rate bonds which will mature in five ...

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