Fullerton India Credit to raise Rs 6 bn via bonds

MUMBAI: Fullerton India Credit plans to raise Rs 6 billion ($108.16 million) via dual tranche bonds, a source with direct knowledge of the deal said on Monday.

The non-banking finance company will raise Rs 2 billion in the two-year tenure at 10.75 percent and Rs 4 billion in the three-year tenure at 11.10 percent, said the source.

HSBC India and Deutsche Bank are the arrangers to the deal, said the source.