Tata Capital raises $400 million in dollar bond sale after strong demand

Tata Capital raised USD 400 million through dollar-denominated bonds at a coupon of 5.3320 percent, pricing 33 basis points tighter than the initial guidance of 140 bps over US Treasuries. This marks the largest single-tranche pricing tightening for an Indian investment-grade US dollar bond in 2026 and is the company’s first issuance after its recent S&P BBB rating upgrade and equity listing. Proceeds will be used for onward lending and to diversify funding sources per External Commercial Borrowing guidelines.