Reuters reported that TATA Sons the holding company of India's Tata Group, plans to raise at least 4 billion rupees ($72.52 million) via two separate bond deals, two sources with direct knowledge of the matter said on Wednesday.

The sources sad that the firm will issue 5 year bonds at 9.68% to raise at least INR 2.5 billion. Yes Bank is the sole arranger to the deal. Separately, the company will issue 10 year bonds at 9.70% to raise a minimum INR 1.5 billion.

HSBC is the sole arranger to the deal.

Source - Reuters

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