Tata Capital Raises $400 Million Via International Bond Issuance

Tata Capital Limited has successfully raised USD 400 million through its second issuance from international bond markets. The company approved the pricing, tenure, and other terms for senior notes under its US$ 2 billion medium-term note program. The notes, rated 'BBB' by S&P Global Ratings, have a tenure of 3.5 years, with an allotment date of July 21, 2026, and a maturity date of January 21, 2030. The coupon rate is fixed at 5.332% per annum, payable semi-annually. Proceeds will be used for onward lending and other activities in accordance with extant ECB regulations. The issuance is listed on India International Exchange IFSC Limited.