Shree Cement plans to raise INR2B via bonds, India

Shree Cement plans to raise INR2B via bonds, India
Published: 21 July 2010

Shree Cement Ltd plans to raise INR2bn through bonds, a person familiar with the matter said Tuesday.
 
The cement producer plans to sell five-year bonds paying a yield of 8.42% at par, the person told Dow Jones Newswires, but asked not to be named.
 
The planned bond has a rating of AA+ by Crisil as well as Care Ratings, the person added.