Tata Sons to Raise $500 Million Loan

According to the latest News, Tata Sons is planning to take a $500 million loan from three offshore companies.

Bank of America, SMBC of Japan, and Standard Chartered Bank are three offshore lenders of Loan

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The tenure of the loan is 5 years and

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The loan is priced 110-120 basis points above the Secured Overnight Financing Rate (SOFR), the benchmark that replaced Libor

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As historical data indicates, Tata sons did not take loans at regular intervals from offshore

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Tata Sons carry a good image as they are amongst the best corporate borrowers in India

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Some Information sources are also saying that Tata sons may invest in Metro Rail projects in future

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According to the latest News, Tata Sons is planning to take a $500 million loan from three offshore companies.

Bank of America, SMBC of Japan, and Standard Chartered Bank are three offshore lenders of Loan

The tenure of the loan is 5 years and

The loan is priced 110-120 basis points above the Secured Overnight Financing Rate (SOFR), the benchmark that replaced Libor

As historical data indicates, Tata sons did not take loans at regular intervals from offshore

Tata Sons carry a good image as they are amongst the best corporate borrowers in India

Some Information sources are also saying that Tata sons may invest in Metro Rail projects in future

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