At 12.36pm, Tata Steel shares were trading 0.47% lower at Rs748.35 on BSE. Photo: BloombergNew Delhi: Tata Steel Ltd has raised $1.3 billion (about Rs8,282 crore) through issuance of unsecured bonds in international markets. “The issue comprises $300 million 4.45% unsecured bonds due on July 24, 2023 and $1 billion 5.45% unsecured bonds due on January 24, 2028 by Abja Investment Co Pte Ltd, a wholly-owned subsidiary of Tata Steel incorporated in Singapore,” Tata Steel said a regulatory filing. The bonds are rated ‘BB-’ by S&P and will be listed on the Singapore Exchange (SGX). At 12.36pm, Tata Steel shares were trading 0.47% lower at Rs748.35 on BSE, while the Sensex rose 0.25% to 35,347.41 points.

Source: Mint January 19, 2018 07:18 UTC