Right after the purchase of Corus in 2007, Tata Steel Limited entered the international markets with a convertible bond offering (AUTOS), this offering consisted of distinct attributes. The offering of US$875 million was unprecedented from a company belonging to India.
The successful issuance represented investor confidence in the company and the country. This case covers a full investigation of the AUTOS with a range that crosses valuation, structuring of the financing instrument to satisfy the issuer's strategic imperatives and investment analysis.
Publication Date: 04/01/2008
This is just an excerpt. This case is about Finance
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