Tata Power plans ₹2,000 crore bond issue for refinancing
after close1 source ↓written by the desknot a recommendation
- through a bond
- ₹2,000 crore
- each priced
- 7.05%
- for three
- 7.25%
Tata Power Co is set to raise ₹2,000 crore through a bond sale, expected to launch on Thursday. The funds will refinance existing debt, invest in renewable energy, and support general corporate needs. The offering includes two non-convertible bonds, each priced at 7.05% and 7.25% for three- and five-year maturities, respectively. Financial institutions are anticipated to subscribe to this issue.
Not investment advice. For informational purposes only.