India’s Prism Cement plans Rs. 2 billion of 9¼% 33- to 48-month notes

By Susanna Moon

Chicago, Dec. 1 – Prism Cement Ltd. notified the Bombay Stock Exchange that it set the coupon at 9¼% for the Rs. 2 billion of secured redeemable taxable debentures, tranche 8.

The notes will be issued in December and mature in 33 months to 48 months, according to the notice.

The debentures will be rated and listed and sold in a private placement, as announced Nov. 30.

Based in Hyderabad, India, Prism Cement is a building materials company with products that include cement, ready-mixed concrete, tiles, bath products and kitchens.

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