India's Tata sets talk at 4.3% for five-year Singapore dollar notes

By Christine Van Dusen

Atlanta, April 4 - Tata International Singapore Pte. Ltd. - part of India's Tata Group - set price talk for a Singapore dollar-denominated offering of notes due in five years at 4.3%, a market source said.

RBS is the bookrunner for the Regulation S deal.

The notes include a change-of-control put at 101% if Tata Group ceases to own at least 50% of the voting securities for Tata International Ltd.

Tata International is the trading arm of the Tata Group, a Mumbai-based company that focuses on manufacturing and supply chain integration.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.