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Tata Motors' subsidiary issues US$300 million Senior Fixed Rate notes

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Capital Market
Last Updated : May 09 2014 | 12:04 AM IST

Due 2021

Tata Motors announced that TML Holdings (issuer), a wholly owned subsidiary of the Company has on 07 May 2014 issued and allotted USD 300 million in principal amount of 5.75% senior fixed rate notes due 2021 (notes). The net proceeds from the notes will be used to repurchase certain equity shares issue to Tata Motors and for general corporate purposes.

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First Published: May 08 2014 | 3:14 PM IST

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