Tata Steel eyes $400 mln convertible bond-sources
Published: 11 Nov 2009 19:51:54 PSTHONG KONG, Nov 12 - Tata Steel <TISC.BO>, the world's eighth largest steelmaker by output, is in talks with banks for a convertible bond offering, sources said on Thursday.
The Indian steelmaker is aiming to raise between $300 million and $400 million, said a source familiar with the situation.
Tata Steel and the investment banks were working on the terms of the offering and its timing, the sources said.
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