Announced Wed, 15 Jul · 20:02 IST
Tata Capital raises USD 400M via senior unsecured notes at 5.332%
Fund Raising View source PDF
TATACAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹357.70
prior close
₹357.85
base price
After-mkt
timing
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-0.3-0.3-0.3-0.6-1.3-1.3-2.0-2.7-4.7-1.9————
Up moveDown movePending
AI summary
Tata Capital approved terms for USD 400 million senior unsecured Reg S notes under its US$2 billion EMTN programme. The 3.5-year notes carry a 5.332% fixed coupon, priced at UST plus 107 bps (33 bps tighter than initial guidance), rated BBB by S&P, maturing 21 January 2030. Order book oversubscribed 4 times. Proceeds will fund onward lending under ECB norms. This is the second USD bond issuance and first after S&P upgrade and equity listing. HSBC, MUFG and Standard Chartered were joint bookrunners.
Likely market impact
Strong demand and tight pricing reflect investor confidence in credit profile; diversifies funding for growth.