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.
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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.
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