India's Mahindra Vehicle Manufacturers, a unit of Mahindra & Mahindra, India's Largest utility vehicle and tractor maker, is planning to raise Rs.800 crore through bonds, two said on monday.
The firm will issue five-year bonds with an annual staggered redemption from the third year the sources said.
the issue will pay a coupon of eight percent and a premium on redemption with an effective yield of 10.20percent, they said. Yes Bank and HDFC Bank are arrangers of the issue, which is rated AA by ICRA
The firm will issue five-year bonds with an annual staggered redemption from the third year the sources said.
the issue will pay a coupon of eight percent and a premium on redemption with an effective yield of 10.20percent, they said. Yes Bank and HDFC Bank are arrangers of the issue, which is rated AA by ICRA
