Tata International prices first Indian Sing dollar perp

Singapore city 230px
By Virginia Furness
31 Oct 2014

Tata International priced the first ever Singapore dollar denominated perpetual bond from an Indian issuer on Thursday. Although small, the deal received strong support from private banks and was over six times subscribed.

As it only wanted to raise a small amount, the Singapore dollar market looked the most appropriate to Tata International, according to a banker on the trade.

Tata International has a number of operations in Singapore, so it made sense to raise funds in that currency. In addition, ...

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