ACC to raise US$62.5m via bonds

ACC to raise US$62.5m via bonds
Published: 25 September 2009

India’s largest cement maker, plans to raise INR3bn (US$62.5m) via bonds, two sources with knowledge of the matter.

The company, in which Swiss cement maker Holcim holds more than 46 percent, will sell five-year bonds carrying a coupon rate of 8.45 per cent.

HSBC Bank is the sole arranger, the sources said.