Tata Steel has announced a successful dual tranche Reg S issuance of $1.3 billion of unsecured bonds in the international markets. The issue comprises $300 million 4.45% Unsecured Bonds due on July 24, 2023 and $1 billion 5.45% Unsecured Bonds due on January 24, 2028 by Abja Investment Co (the Issuer), a wholly owned subsidiary of Tata Steel incorporated in Singapore. The bonds are rated BB- by S&P and will be listed on the Singapore Exchange (SGX).
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
