SAIL to raise INR 2 billion via bond - Sources
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Saturday, 11 Feb 2012
Steel Authority of India plans to raise at least INR 2.5 billion (USD 50.5 million) through 5 year bonds.
Two sources with knowledge of the deal said that the issue has a call option at the end of the third year.
The funds will be raised through a book building process, and the company has set a ceiling of 9.10 percent for the bids.
(Sourced from Reuters)
