Tata Capital Financial plans to raise Rs 5,000 crore through retail bonds

Tata Capital Financial Services, the corporate and retail lending arm of Tata group, will float retail bonds of Rs 5,000 crore to broaden investor base and get durable resources. 

Rating agency ICRA has assigned ‘AAA’ rating to proposed offering of retail bonds. Tata Capital, in a response to queries on plans for retail bonds, said: “We have a well-diversified debt portfolio.” 

The company continues to have access to a balanced mix of fixed and floating rate debt products. It, however, did not elaborate on timing for visiting market to raise money.

ICRA said the firm enjoys good financial flexibility for being part of