By Christine Van Dusen
Atlanta, May 9 - India's TML Holdings Pte. Ltd. - a wholly owned subsidiary of Tata Motors Ltd. - priced S$350 million 4¼% notes due May 16, 2018 at par to yield 4¼%, a market source said.
ANZ, Citigroup, Deutsche Bank and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The notes include a change-of-control put at 101%.
The proceeds will be used for the redemption of preference shares issued to Tata Motors and for general corporate purposes.
Tata Motors is based in Mumbai.
| Issuer: | TML Holdings Pte. Ltd.
|
| Amount: | S$350 million
|
| Maturity: | May 16, 2018
|
| Description: | Senior notes
|
| Bookrunners: | ANZ, Citigroup, Deutsche Bank, Standard Chartered Bank
|
| Coupon: | 4¼%
|
| Price: | Par
|
| Yield: | 4¼%
|
| Change-of-control put: | At 101%
|
| Trade date: | May 9
|
| Settlement date: | May 16
|
| Distribution: | Regulation S
|
© 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.
