India's Tata Capital raised $400 million through the sale of U.S. dollar-denominated bonds with a maturity of three years and six months, at a coupon sharply below initial price guidance, the company said in a release on Wednesday.
The non-banking financial company issued the notes at a spread of 107 basis points (bps) above U.S. Treasuries, 33 bps tighter than the initial guidance of 140 bps.
