Tata Steel to issue INR 3,000 crore in NCDs

Tata Steel's Committee of Directors approved the issuance of Non-Convertible Debentures (NCDs) totaling ₹3,000 crore in a meeting held on February 14, 2025. The company will issue 3,00,000 NCDs with a face value of ₹1,00,000 each, to eligible investors through a private placement. These fixed-rate, unsecured, redeemable, and listed NCDs will be listed on the Wholesale Debt Market Segment of the BSE Limited. Allotment is tentatively scheduled for February 21, 2025, with a maturity date of February 21, 2030. Coupon interest will be determined through bidding on the Electronic Book Provider (EBP) platform of BSE. The NCDs have been rated 'AAA' by India Ratings and 'AA+' by CARE Ratings Limited. Principal will be repaid in bullet repayment at the end of 5 years from the date of allotment.