Tata offshore holdco nabs $300m bond refi

Geely_auto_car_Adobe_575x375_21Aug20
By Morgan Davis
27 Nov 2020

India's TML Holdings used its ties to parent company Tata Motors to appeal to investors in a $300m bond sale on Thursday.

The borrower, the main holding company for Tata Motors' overseas operations, approached the market on Thursday with the intention of raising up to $300m to refinance its equally-sized 5.75% notes, which fall due in May.

Bookrunners ANZ, Citi, DBS, HSBC and Standard Chartered opened orders for ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial