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    HomeNewsBusinessCompaniesTata Steel raises Rs 1,500 crore via perpetual bonds

    Tata Steel raises Rs 1,500 crore via perpetual bonds

    Tata Steel Friday said it has raised Rs 1,500 crore through perpetual bonds.

    March 18, 2011 / 17:51 IST

    Tata Steel Friday said it has raised Rs 1,500 crore through perpetual bonds.

    Perpetual bonds means the issue has no maturity period, and only the company has the option to buy-back the bonds at any time it chooses.

    The bonds will fetch an interest of 11.8% per annum, the steel producer said.

    JP Morgan Securities India and ICICI Bank were the arrangers for the issue.

    first published: Mar 18, 2011 05:37 pm

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