India’s number 2 lender is planning to raise $150mn through low-tier bonds with a maturity period of 10 years.
Barclays Capital(BARC.L), Deutsche Bank(DBKGn.DE) and HSBC(HSBA.L) are the lead managers on the issue.the bond would have a low 7% range.the pricing would be released on tuesday or wednesday.
The bond market in India is on a high these days and ICICI are sure on making hay while the sunshines
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TATA Motors has posted a surging profit result this quarter and an improved performance in sales of it’s jaguar land rover unit.TATA Motors which bought the british company to expand it’s base in emerging economies such as China has improved in it’s performance over the period. further, the company has told that the results would improve as the demand for luxury cars have massively improved in India and other countries such as China.
However , the company sources have also said that because of the increase in cost of materials the price of the cars may also increase but that would not have an effect on sales as it is a global situationof raw material costs.
The sales in India have grown three times this september
The TATA Motors b-plans mainly revolve around the performance of the jaguar unit
tata’s share price on tuesday being Rs.email@example.com%UP