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Tata Motors raises $425 million in offshore bonds to pare debt, meet expenses

Tata Motors raises $425 million in offshore bonds to pare debt, meet expenses
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Tata Motors raises $425 million in offshore bonds to pare debt, meet expenses
Reuters / Jun 3, 2021, 13:24 IST
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NEW DELHI: Indian automaker Tata Motors has raised $425 million through unsecured offshore bonds at a rate of 4.35% to refinance existing debt and meet expenses, according to a term sheet of the deal seen by Reuters.
Of the proceeds raised, Tata will use 225 million pounds ($318 million) to refinance existing loans and the rest to meet corporate expenses, according to the paper.
The bond, which has been issued for a period of two and a half years, was over-subscribed by about five times, according to a source with direct knowledge of the deal. ....

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Department TAMS cost review still ongoing

Department TAMS cost review still ongoing 2021-06-02 ....

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Finnish PM to pay back meal expenses!

HELSINKI: Finnish Prime Minister Sanna Marin is pledging to pay back thousands of euros in meal expenses in a bid to contain the fallout from revelations about her family’s taxpayer-subsidised. ....

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To cut costs, SpiceJet, GoFirst in pact to combine flights - The Hindu BusinessLine

Move has helped airlines curtail costs by 70%, about 20,000 passengers benefitted ....

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