This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Tata Motors Launches Tender Offer to Buy Back Up to Half of its $250mn 5.75% 2024s
June 1, 2023
Tata Motors launched a tender offer to buy back a maximum of $125mn of its outstanding $250mn 5.75% 2024s at a price of 100.5. The notes are currently trading at 99.25, yielding 6.31% and thus the buyback price is at a slight premium to its market price. It said that the rationale for the buyback offer was to reduce gross debt and manage its debt maturity profile. The final expiration deadline for the tender is June 9 and settlement is expected on June 16.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Tata Motors Reports Loss on JLR Writedowns
May 19, 2021
Tata Motors Gets $1bn from TPG & ADQ to Grow EV Business
October 14, 2021
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.