The bonds are rated AA+ by CARE Ratings and the issue will be settled next week. Tata Steel last tapped the bond market in September 2022, when it had raised 15 billion rupees through bonds maturing in 10 years at a coupon of 7.76%. ($1 = 82.7600 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Janane Venkatraman)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 24 (Reuters) - India's Tata Steel has accepted bids worth 21.50 billion rupees ($259.79 million)
through bonds maturing in five years, two merchant bankers said
on Friday.
The company will offer a coupon of 8.03% on this bond issue,
for which it had invited bids from bankers and investors earlier
in the day.
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