Tata Capital successfully raised $400 million by selling dollar bonds abroad. Asian and European asset managers dominated demand for these instruments. The bonds mature in 42 months and were priced tightly. This marks Tata Capital’s second overseas dollar bond sale. Fitch Ratings affirmed the company’s ratings at ‘BBB-‘ in February.
NSE IPO Day 2: GMP at 8%, subscription reaches 44% — Should you apply?
As the National Stock Exchange IPO enters its second day of bidding, it has shown stable investor engagement. Observations in the grey market reveal optimistic