India's Tata Steel is planning to raise 10 billion rupees through a dual tranche bond sale, a source with direct knowledge of the deal said on Wednesday.
The company will issue six-year and eight-year bonds at 9.15 per cent, the source said.
The issue is rated AA+ by Care and Brickworks and is scheduled to open and close on Thursday.
Yes Bank is the sole arranger to the bond sale, said the source.
Tata supplies steel and related services to construction, automotive and aerospace markets among others.
* Reuters
Heavily-sugared soft drinks slip through the tax net
Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.
Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.
A 680ml can of Arizona Iced Tea costs just Dh6.
Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.
UAE currency: the story behind the money in your pockets
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