MUMBAI: India's Ashok Leyland plans to raise 3 billion rupees ($53.50 million) via dual tranche bonds, a source with direct knowledge of the deal said on Friday.
The country's second-biggest bus and truck maker will borrow through 3-year bonds at 10.10 percent and 5-year bonds at 10.20 percent, said the source. Standard Chartered Bank is the arranger of the deal, said the source.
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