Tata Capital raises $400 million through bond issue
pre-market1 source ↓written by the desknot a recommendation
- has successfully raised
- $400 million
- 3.5-year US dollar-denominated bond issue
- over the three-year
- 107 basis points
Tata Capital has successfully raised $400 million via a 3.5-year US dollar-denominated bond issue. The bonds, with a fixed coupon of 5.332%, were priced 107 basis points over the three-year US Treasury, reflecting strong investor demand. This move supports the lender's diversification of funding sources and lending operations.
Not investment advice. For informational purposes only.