Tata Sons to raise $500 Million is offshore loan

Tata Sons to raise $500mn is offshore loan

Tata SonsWillseek $500 million in offshore borrowings.

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backed by bank of America, SMBC Japan, and Standard Chartered Bank

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as the business rolls over debt

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used to pay Tata Teleservice some years ago.

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The loan agreement ehose term will probably be five years.

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is anticipated to be finalised in the upxoming weeks.

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the price will probably be IIO 120 basic points.

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more then the Secured Overnight Financing Rate.

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