Tata Steel raises $ 1.3 billion via bonds in global markets
19 Jan 2018 11:40 PM IST
New Delhi: Tata Steel has raised $1.3 billion (approx Rs 8,282 crore) through issuance of unsecured bonds in international markets.
"The issue comprises $300 million 4.45 per cent unsecured bonds due on July 24, 2023 and $1 billion 5.45 per cent unsecured bonds due on January 24, 2028 by Abja Investment Co Pte Ltd, a wholly-owned subsidiary of Tata Steel incorporated in Singapore," Tata Steel said a regulatory filing. The bonds are rated 'BB-' by S&P and will be listed on the Singapore Exchange (SGX). Shares of Tata Steel were trading 0.08 per cent up at Rs 752.45 on BSE.
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