Monday, November 29, 1999

`Tata Motors to sell Rs 1 bn of bonds`

News posted by www.newsinfoline.com

Tata Motors will sell 1 billion rupees of bonds this week, two sources with knowledge of the matter said on Monday.The 10-year bonds carry a coupon rate of 9.75 percent and are rated 'AA-minus' by CARE and 'A-plus' by ICRA, they added.Yes Bank is arranger to the issue.

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