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Tata Motors to sell 1 bln rupees of bonds: sources

business Updated: May 10, 2010 11:51 IST

Reuters
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Tata Motors to sell 1 bln rupees of bonds: sources

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 per cent and are rated 'AA-minus' by CARE and 'A-plus' by ICRA, they added.

Yes Bank is arranger to the issue.