Tata Capital gives dollar bond guidance, final price by this week, bankers say

Tata Capital is planning its second US dollar bond issuance, aiming to raise between $400 million and $600 million with a three-and-a-half year maturity, with final pricing expected by end of this week. The notes are rated BBB by S&P and BBB- by Fitch, in line with the issuer's own rating. Proceeds will be used for onward lending and other eligible activities under existing External Commercial Borrowing guidelines.