Fullerton India plans to raise up to Rs 750 mln via bonds

Fullerton India Credit Co Ltd plans to raise up to Rs 750 million ($13.35 million) via five-year bonds at 9.30%, two sources with direct knowledge of the deal said today.

Fullerton India Credit Co Ltd plans to raise up to Rs 750 million ($13.35 million) via five-year bonds at 9.30%, two sources with direct knowledge of the deal said on Thursday.

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HDFC Bank is the sole arranger to the bond sale, said the sources.

The base size of the bond issue is Rs 500 million.

($1 = 56.1850 Indian rupees)