Mumbai, January 14th, 2025: One of India’s largest diversified NBFC, Tata Capital Limited, has successfully raised USD 400 million Fixed Rate Senior Unsecured Reg S Bond for a 3.5-year tenor at an interest rate of 5.389%. This marks the maiden USD bond issuance by the Company.
The Company engaged with global investors in Hong Kong, Singapore and London. On the back of strong investor interest, the transaction was launched with an initial price guidance of UST + 125 bps. Following a strong book building, supported by high quality investors, the Company was able to tighten pricing by 33bps to UST + 92 bps.
The bond received an overwhelming response from investors, with the final order book over-subscribed more than 4 times. The transaction witnessed global investor participation from Asia and EMEA across asset managers, insurance Companies, banks and others.
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