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 bond issue
- coupon
- 5.332%
- medium-term note program
- $2 billion
- from initial guidance
- 33 basis points
Tata Capital has successfully raised $400 million via a 3.5-year US dollar bond issue. The bonds, priced at 5.332% coupon, were issued under a $2 billion medium-term note program. Strong investor demand allowed pricing to tighten by 33 basis points from initial guidance, enhancing funding for its lending operations.
Not investment advice. For informational purposes only.