Tata Capital Approves Terms for US$ 400M Senior Notes

Tata Capital Limited has announced the approval of pricing, tenure, and other terms for its upcoming issuance of US$ 400,000,000 Senior Unsecured Notes. These notes, part of a US$ 2 billion medium-term note program, will mature in 3.5 years with a fixed coupon rate of 5.332% payable semi-annually. The notes are expected to be rated 'BBB' by S&P Global Ratings and will be listed on India International Exchange IFSC Limited. Proceeds will be used for onward lending and other activities in compliance with ECB regulations. The issuance is conducted under Regulation S of the U.S. Securities Act 1933 and is not an offer for sale in the United States or India.