Tata Steel and Tata Projects plan bond sales as yields ease
Tata Steel and Tata Projects plan to raise over 35 billion rupees through bond sales as yields ease. The units return to the market after a 15-month hiatus.
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TATA STEEL LTD and Tata Projects plan to raise up to 40 billion rupees ($417M) through bond sales after a 15-month hiatus in India. The units are returning to the market as corporate bond yields retreat from five-year highs following a central bank rate pause. These issuances will test investor demand for long-term infrastructure debt as borrowing costs stabilize across the domestic credit market.
