By Singapore based subsidiary - Abja Investment Co.
Tata Steel announced the successful dual tranche Reg S issuance of USD 1.3 billion of unsecured bonds in the international markets. The issue comprised of USD 300 million 4.45% unsecured bonds due on 24 July 2023 and USD 1 billion 5.45% unsecured bonds due on 24 January 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.The proceeds of the bonds will be used to refinance the offshore obligation of the Group.
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