Tata Capital plans $300-M offshore bond issuance

Mumbai-based Tata Capital , the non-banking financial company (NBFC) of the Tata Group, is in the process of marketing its second dollar-denominated bond issue to raise $300-M from international investors. The transaction is structured as a Regulation (S) offering, excluding investors in the USA, and features a tenure of three-and-a-half years.Standard Chartered, HSBC, and MUFG have been appointed as the bankers for this issuance. The firm will primarily use funds raised from the market for on-lending activities.This issuance marks the company's return to the international market for the first time since January 2025, when it raised $400-M through a similar three-and-a-half-year dollar bond at a price of 92 basis points above the three-year US Treasury.