India New Issue-Tata Capital Financial to issue 3-month CP - bankers

ICICI Securities

21/07/2023 12:15

(NOTE TO SUBSCRIBERS: Reuters is considering discontinuing the following 'India
New Issue' report. If you have feedback or questions, please contact India
Financial News Editor Ira Dugal Ira.Dugal@thomsonreuters.com prior to July 31)
       MUMBAI, July 21 (Reuters) - India's Tata Capital Financial Services
plans to raise funds by selling commercial papers maturing in three months at a
yield of 7.13%, three merchant bankers said on Friday.

 Below is the list of deals reported so far on July 21: 
 Issuer Name        Instrument  Tenure (in    Yield     Amount (in bln
                    type        months)       (in %)    rupees)
 Tata Capital       CP          3             7.13      5
 Financial                                              
 Services                                               
 ICICI Securities   CP          3             7.20      5
 
($1 = 82.0000 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Janane Venkatraman)
 ((Bhakti.Tambe@thomsonreuters.com))