Jaguar, a unit of India’s Tata Motors Ltd., gets about 20% of its sales from China. The company “routinely monitors the debt capital markets so could decide to issue a new bond anytime it thinks conditions are favorable," she added. The company is not facing any near term pressures to raise new funding and has around $6 billion of liquidity to help tackle any near term maturities. Jaguar returned to the bond market for the first time in almost a year in November, selling €800 million ($864 million) of debt following a positive set of results. It took advantage of investor optimism around the company at the time and raised an additional €200 million just a month later.

Source: Mint February 20, 2020 15:56 UTC