Samvardhana Motherson Automotive Systems Group B.V., Netherlands to raise funds in International markets
Motherson Sumi Systems announced that its subsidiary Samvardhana Motherson Automotive Systems Group B.V., Netherlands has made the following announcement :'Samvardhana Motherson Automotive Systems Group B.V., a leading European tier 1 supplier to the automotive industry rated BB+ POSITIVE by S&P and Fitch, has mandated various banks to arrange a series of fixed income investor meetings in Europe, commencing on 26 June 2017. A seven year EUR denominated 144A/Reg S senior secured bond for an expected size of EUR 300 million and rated BB+(EXP) by S&P and BBB-(EXP) by Fitch may follow, subject to market conditions. Relevant stabilization regulations including FCA/ICMA will be applicable."
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