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| Exchange Received Time 22/06/2017 11:41:04 Exchange Disseminated Time 22/06/2017 11:41:11 Time Taken 00:00:07 | 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., 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 Monday 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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