Tata Capital Financial to reissue Nov 2025 bonds - traders

India's Tata Capital Financial Services plans to raise at least 1 billion Indian rupees ($12.29 million) by reissuing 7.89% November 2025 bond, three merchant bankers said on Thursday.

The non-banking financial company will offer a yield of 7.89% on this issue, and has invited commitment bids from bankers and investors on Friday.

The notes are rated AAA by CRISIL and ICRA and the issue will close for subscription next week.

The issue has a greenshoe option to retain an additional 7.50 billion rupees.

In November, the company raised an aggregate 2.06 billion rupees, selling bonds maturing in two years and four months, and in three years.

($1 = 81.3590 Indian rupees)