India New Issue-Sterlite Technologies to issue 3-year bonds - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, Feb 17 (Reuters) - India's Sterlite Technologies plans to raise 1 billion rupees ($12.08 million) through sale of bonds maturing in three years, two merchant bankers said on Friday. The company will pay an annual coupon of 9.10% and has invited commitment bids on Tuesday, they said.


The bonds are rated AA by CRISIL and the issue will close for subscription next week. ($1 = 82.7900 Indian rupees) (Reporting by Dharamraj Dhutia)

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