Tata Capital raises $400 million through bond issue
pre-market1 source ↓written by the desknot a recommendation
- has successfully raised
- $400 million
- US dollar-denominated bond
- 3.5-year
- fixed coupon
- 5.332%
- over the three-year
- 107 basis points
Tata Capital has successfully raised $400 million through a 3.5-year US dollar-denominated bond issue, enhancing its funding sources. The bonds, with a fixed coupon of 5.332%, were priced at 107 basis points over the three-year US Treasury, reflecting strong investor demand. This marks Tata Capital's second entry into the US dollar bond market, following a recent credit rating upgrade.
Not investment advice. For informational purposes only.