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Tata Capital gearing up for 1st dollar bond sale
Mint New Delhi
|January 11, 2025
Tata Capital Ltd is gearing up for its first dollar bond sale, according to people familiar with the matter, marking another addition to the wave of offshore debt sales by Indian shadow lenders over the past year.
The financial services unit of the Tata Group, the conglomerate spanning industries from coffee to cars, is planning to issue a benchmark-sized note with a 3.5-year maturity. The proceeds are expected to be used for lending and other purposes, the people said, asking not to be identified.
This story is from the January 11, 2025 edition of Mint New Delhi.
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