Tata Motors soothes loan refi angst with record bond
Debt-burdened carmaker Tata Motors set a new record in India’s corporate bond market on Wednesday with a Rp42bn ($840m) debut that eases its refinancing worries and shows a renewed interest in India’s domestic capital markets.
Tata Motors clinched the title for the biggest domestic issue from a private sector company as part of its efforts to refinance a $3bn bridge loan that funded the acquisition of Jaguar Land Rover last year.
Lenders can now breathe a sigh of relief after the success of
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.