Tata Motors issues NCDs worth Rs 1,000 crore
The debentures were listed on the BSE and the National Stock Exchange.
By Nehal Chaliawala, ET Bureau | Updated:
BCCL - Non Copyright
Mumbai: Tata Motors on Wednesday issued non-convertible debentures (NCDs) worth Rs 1000 crore for a 3-year tenor at a coupon rate of 8.8% per annum.
The debentures were listed on the BSE and the National Stock Exchange. The company was rated AA- with a negative outlook by rating agency Crisil.
Tata Motors had earlier this month withdrawn its issue of NCDs due to higher interest expectations from the market.
In the wake of Covid-19, automotive companies have raised, or announced plans to raise at least Rs 6,000 crore through the bond route.
The debentures were listed on the BSE and the National Stock Exchange. The company was rated AA- with a negative outlook by rating agency Crisil.
Tata Motors had earlier this month withdrawn its issue of NCDs due to higher interest expectations from the market.
In the wake of Covid-19, automotive companies have raised, or announced plans to raise at least Rs 6,000 crore through the bond route.
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