Tata Steel Announced A Successful Dual Tranche Reg S Issuance Of USD - Dollar Advisory Financial Services

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Friday 19 January 2018

Tata Steel Announced A Successful Dual Tranche Reg S Issuance Of USD

Tata Steel announced a successful dual tranche Reg S issuance of USD 1.3 billion of unsecured bonds in the international markets.

The issue comprises USD 300 million 4.45% unsecured bonds due on July 24, 2023 and USD 1 billion 5.45% unsecured bonds due on January 24, 2028 by Abja Investment Co Pte Ltd, a wholly owned subsidiary of Tata Steel incorporated in Singapore.

The bonds are rated BB- by S&P and will be listed on the Singapore Exchange.

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