MUMBAI: Tata Sons, the holding company of India's Tata group, plans to raise at least 2.5 billion rupees ($44.75 million) via dual-tenure bonds, a source with direct knowledge of the matter said on Thursday.
The firm will issue 5-year bonds at 9.66 percent to raise at least 1.5 billion rupees and will issue 10-year bonds at 9.67 percent to raise a minimum of 1 billion rupees, the source said.
HSBC India is the arranger to the deal.
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