India's Sesa Goa to raise 11 bln rupes via CP - source


MUMBAI, Oct 11 (Reuters) - India's Sesa Goa , ownedby miner Vedanta Resources , plans to raise 11 billionrupees ($207.02 million) through one-year commercial paper at ayield of 9.20 percent, a source with direct knowledge of thedeal said on Thursday.

Yes Bank is the sole arranger to the deal, the source said.

Sesa Goa, the largest producer and exporter of iron ore inthe private sector, saw iron ore sales fall 86 percent in thesecond quarter as its operations were affected by a mining banin Karnataka and temporary restrictions on extraction in Goa.

($1 = 53.1350 Indian rupees)

(Reporting by Archana Narayanan; Editing by Prateek Chatterjee)


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