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| Exchange Received Time 30/06/2017 08:55:56 Exchange Disseminated Time 30/06/2017 08:56:05 Time Taken 00:00:09 | Motherson Sumi Systems Limited inform that its subsidiary Samvardhana Motherson Automotive Systems Group B.V., Netherlands has made the following announcement :
'Samvardhana Motherson Automotive Systems Group B.V. (SMRP BV) is pleased to announce the pricing of its new € 300 million 7-year (due July 2024) non-call life senior secured Notes offering 1.800% (at 140 bps over mid swaps). This is the fourth successful issue of Notes by SMRP BV and third offering in the European markets. This is also the lowest yield long tenor corporate bond to date from an Indian private sector corporate.
The Notes have been rated BBB- by Fitch and BB+ by S&P following publication of the SMRP BV's credit ratings as BB+ (positive outlook) by S&P and Fitch."
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