Tata Power to Raise Rs 2,000 Crore via Bond Sale on Dec 18 for Debt Refinancing, Green Projects

• Tata Power plans to raise Rs 2,000 crore through a bond sale on December 18, as per an Economic Times report.
• The funds will be utilized for refinancing existing debt, investing in clean energy projects, and general corporate purposes.
• This marks the Tata group firm's first bond sale in over two years, involving two securities of Rs 1,000 crore each.
• The bonds will be three- and five-year non-convertible bonds, with issuance expected on December 19.
• Yes Bank and ICICI Bank are the arrangers, with each expected to subscribe Rs 300 crore.

Why It Matters: Tata Power seeks Rs 2,000 crore via bonds to fund growth and debt, marking a significant financial move.