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Sterlite Industries to raise Rs 1200 through sale of bonds: Report

03 Jul 2013 Evaluate

Sterlite Industries is planning to raise Rs 1200 through a sale of bonds. The firm will issue 10-year bonds with a put/call after five years at 9.17%. Yes Bank, Kotak Mahindra Bank and Deutsche Bank are the arrangers to the bond sale.

Sterlite Industries (India) is India’s largest diversified metals and mining company. The company produces aluminium, copper, zinc, lead, silver, and commercial energy and has operations in India, Australia, Namibia, South Africa and Ireland.

Peers
Company Name CMP
Hindalco 977.95
Vedanta 752.50
Hindustan Zinc 562.60
Jain Resource Recycl 421.25
Gravita India 1554.30
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