Credit: REUTERS/FRANCIS MASCARENHASSINGAPORE, May 28 (IFR) - UltraTech Cement, a unit of India’s Aditya Birla Group, plans to raise Rs5bn (US$72m) from five-year bonds at 7.64%, according to a market source.
ICICI Bank is rumoured to be the arranger for the deal.
In August 2018, the cement manufacturer raised Rs3.6bn from three-year bonds at 8.36%.
UltraTech Cement is yet to make an official announcement on the planned bond sale.
(Reporting by Krishna Merchant; Editing by David Holland)
((Krishna.Merchant@thomsonreuters.com; +65 64174544;))
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