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.

Updated on: May 10, 2010, 11:51:25 IST

Reuters | By HT Correspondent, Mumbai

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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.

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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.

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More from HT

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.