Tata Capital raises $400 million through bond issue
after close1 source ↓written by the desknot a recommendation
- Tata Capital raised
- $400 million
- 3.5-year US dollar bond issue
- coupon and maturing
- 5.332%
- medium-term note program
- $2 billion
- reduction in pricing
- 33 basis points
Tata Capital raised $400 million via a 3.5-year US dollar bond issue, enhancing its funding sources. The bonds, priced at 5.332% coupon and maturing in January 2030, were issued under a $2 billion medium-term note program. Strong demand led to a 33 basis points reduction in pricing from initial guidance, reflecting investor confidence.
Not investment advice. For informational purposes only.