Announced Tue, 21 Jul · 18:34 IST
Tata Capital allots USD 400 million senior notes at 5.332% due 2030
Fund Raising View source PDF
TATACAP · price
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Price reaction · full curve 14 horizons · vs prior close
-2.7%1-day move
₹350.45
prior close
₹350.55
base price
After-mkt
timing
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AI summary
Tata Capital has allotted USD 400 million senior unsecured notes at a fixed coupon of 5.332 percent, maturing January 21, 2030 (3.5 year tenure). This is part of the company USD 2 billion medium term note programme, issued under Regulation S of the US Securities Act. Notes are rated BBB by S&P, unsecured, and to be listed on India INX in GIFT City. Proceeds will be used for onward lending and other activities under extant ECB regulations.
Likely market impact
Positive: diversifies funding via offshore bond market at competitive rate, supports lending growth. Modest leverage build-up but BBB rating affirms credit quality.