ACC to raise US$62m bonds, loans-sources

ACC to raise US$62m bonds, loans-sources
Published: 01 September 2009

ACC Ltd is looking to raise about INR3bn (US$61.5m) via bonds or loans or a combination of both, banking and company sources said on Monday.

The company, in which Holcim holds more than 46 per cent, has written to banks asking for quotes on five- and seven-year bonds and loans, three banking sources said.

A final decision will most probably take a week, the banking and company sources said.