India New Issue-Sterlite Technologies to issue 3-year bonds - traders

Sterlite Technologies

17/02/2023 14:15

MUMBAI, Feb 17 (Reuters) - India's Sterlite Technologies
 STTE.NS  plans to raise 1 billion rupees ($12.08 million)
through sale of bonds maturing in three years, two merchant
bankers said on Friday.
    The company will pay an annual coupon of 9.10% and has
invited commitment bids on Tuesday, they said. 
    The bonds are rated AA by CRISIL and the issue will close
for subscription next week.
    ($1 = 82.7900 Indian rupees)
 (Reporting by Dharamraj Dhutia)
 ((Dharamraj.dhutia@tr.com))