Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Nov 13, 2019 10:08 PM IST | Source: PTI

Tata Motors to raise up to $300 mn by issuing bonds this month

The company said the bonds will be issued to investors identified by the committee and will be listed on Singapore Exchange Securities Trading Ltd.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Tata Motors on November 13 said its board has okayed the pricing and tenure of $300 million (over Rs 2,163.37 crore) fund raise, through bonds to be issued later this month.

The committee authorised by the board at its meeting held on November 13, 2019 has approved the pricing, tenure and other terms of $300 million 5.875 per cent senior notes due 2025, Tata Motors said in a regulatory filing.

The company said the bonds will be issued to investors identified by the committee and will be listed on Singapore Exchange Securities Trading Ltd.

Close

Tenure of the instrument is from November 20, 2019 to May 20, 2025.

The coupon of 5.875 percent per annum is to be payable semi-annually in arrear on May 20 and November 20 of each year, Tata Motors said.

Shares of Tata Motors on November 13 closed 0.81 percent lower at Rs 170.60 on the BSE.

Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on Nov 13, 2019 10:06 pm
Loading...
Follow us on
Available On