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India's GMR Highways raises 3.75 bln rupees in 2-year bonds
May 30, 2012 / 1:12 PM / 5 years ago

India's GMR Highways raises 3.75 bln rupees in 2-year bonds

MUMBAI, May 30 (Reuters) - GMR Highways, a unit of GMR
Infrastructure, has raised 3.75 billion rupees ($67.19
million) in two-year bonds, paying  a coupon of 12.35 percent
semi-annually, a source with direct knowledge of the deal said
on Wednesday.	
    The bond, rated BBB+ by ICRA, has a monthly call option
starting from Dec. 26, said the source.	
    Standard Chartered Bank was the arranger of the deal.	
    ($1 = 55.8150 Indian rupees)	
	
 (Reporting by Archana Narayanan; editing by Malini Menon)

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