Tata Capital raises $400 million through bond issue
after close1 source ↓written by the desknot a recommendation
- has successfully raised
- $400 million
- US dollar-denominated bond
- 3.5-year
- coupon and maturing
- 5.332%
- medium-term note program
- $2 billion
- from initial guidance
- 33 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, priced at 5.332% coupon and maturing in January 2030, were issued under a $2 billion medium-term note program. Strong investor demand allowed pricing to tighten by 33 basis points from initial guidance.
This move reflects Tata Capital's strategy to diversify funding and support lending operations, following a recent credit rating upgrade. 📈
Not investment advice. For informational purposes only.