Announced Tue, 7 Jul · 17:01 IST
Tata Capital allots secured NCDs worth Rs 2,750 crore via private placement
Fund Raising View source PDF
TATACAP · price
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Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹350.55
prior close
₹350.00
base price
After-mkt
timing
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AI summary
Tata Capital allotted 2,75,000 secured redeemable NCDs on private placement basis, raising Rs 2,750 crore. Coupon rate is 7.88 percent per annum (XIRR 7.86 percent), tenor 5 years, maturing July 7, 2031. Face value Rs 1 lakh per NCD, bullet redemption at maturity. Rated AAA/Stable by both CRISIL and ICRA. Secured by pari-passu charge on receivables, book debts and investments with 1x security cover. Proceeds to be listed on NSE.
Likely market impact
Diversifies funding at competitive rate with no equity dilution; AAA rating underscores strong credit profile. Minor overhang from supply, but demand robust.