#Latest news with #CareandIndiaRatingsZawya12-02-2025BusinessZawyaTata Steel mulls $346mmln bond offering: IFRTata Steel is mulling an offering of up to Rs30bn (US$346m) of three, five and 10-year bonds, according to market sources. It is currently heard to be seeking pricing guidance from bankers. Care and India Ratings have assigned a AA+ rating to the unsecured notes. The funds will be used for debt repayment. In May, Tata Steel received board approval to issue rupee bonds and inject capital into a Singapore-based subsidiary to repay debt and restructure its UK unit. The company has approval to raise up to Rs30bn from non-convertible debentures in one or more tranches via private placement in the fiscal year ending on March 31. Source: IFR
Zawya12-02-2025BusinessZawyaTata Steel mulls $346mmln bond offering: IFRTata Steel is mulling an offering of up to Rs30bn (US$346m) of three, five and 10-year bonds, according to market sources. It is currently heard to be seeking pricing guidance from bankers. Care and India Ratings have assigned a AA+ rating to the unsecured notes. The funds will be used for debt repayment. In May, Tata Steel received board approval to issue rupee bonds and inject capital into a Singapore-based subsidiary to repay debt and restructure its UK unit. The company has approval to raise up to Rs30bn from non-convertible debentures in one or more tranches via private placement in the fiscal year ending on March 31. Source: IFR
12-02-2025
