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Tata Motors Ltd's Subsidiary Announces Issue of SGD350 Million Senior Fixed Rate Notes Due 2018


Saturday, 18 May 2013 03:31am EDT 

Tata Motors Ltd announced that TML Holdings Pte Ltd, a wholly owned subsidiary has issued and allotted SGD350,000,000 in principal amount of 4.25% senior notes due 2018. The net proceeds from the issue will be used for the redemption of preference shares issued to Tata Motors Ltd and for general corporate purposes. Australia and New Zealand Banking Group Ltd, Citigroup Global Markets Singapore Pte. Ltd., Deutsche Bank AG, Singapore Branch and Standard Chartered Bank acted as joint lead managers and joint bookrunners. 

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