Apollo Hospitals to raise Rs 1 bln in 5 yr bonds

http://www.moneyspidery.com/2012/02/09/apollo-hospitals-to-raise-rs-1-bln-in-5-yr-bonds/

Indian healthcare operator Apollo Hospitals Enterprise plans to raise 1 billion rupees in 5-year bonds, with a call option at the end of the third year, a source with direct knowledge of the deal said on Tuesday.

The private placement will pay a coupon of 10.15 percent semi-annually in the first three years and a coupon of 9.25 percent semi-annually in the following two years if the call option is not exercised, the source said.
Edelweiss Securities is the sole arranger of the deal.