May 18, 2013, 04.44 PM IST | Source: Reuters

Tata Motors subsidiary issues $280 m senior notes

TML Holdings Pte Ltd, a Tata Motors subsidiary, had issued and allotted S$350 million of senior notes due 2018. Singapore Pte Ltd, Deutsche Bank AG , Singapore Branch and Standard Chartered Bank acted as joint lead managers and joint bookrunners.

Tata Motors subsidiary issues $280 m senior notes

Tata Motors Ltd said its subsidiary TML Holdings Pte Ltd had issued and allotted S$350 million of senior notes due 2018.

The notes carry an interest rate of 4.25 percent, Tata Motors, part of the salt-to-steel conglomerate Tata Group, said in a statement on Saturday.

Net proceeds from the issue will be used to redeem preference shares issued to Tata Motors and for general corporate purposes, the company said.
Australia and New Zealand Banking Group Ltd , Citigroup Global Markets

Singapore Pte Ltd, Deutsche Bank AG , Singapore Branch and Standard Chartered Bank acted as joint lead managers and joint bookrunners.

Tata Motors stock price

On April 23, 2014, Tata Motors closed at Rs 425.45, down Rs 3.6, or 0.84 percent. The 52-week high of the share was Rs 437.70 and the 52-week low was Rs 263.10.


The company's trailing 12-month (TTM) EPS was at Rs 2.61 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 163.01. The latest book value of the company is Rs 59.47 per share. At current value, the price-to-book value of the company is 7.15.

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