Tata Steel aims to generate ₹3,000 crore by issuing five-year bonds, while Tata Projects is expected to secure ₹500 crore-₹1,000 crore through a mix of three-year and five-year instruments. Two infrastructure units of the Tata Group are poised to re-enter the corporate bond market in the next few days, following a hiatus of over 15 months, as indicated by two merchant bankers on Tuesday. Indian corporate bond yields have declined after the Reserve Bank of India kept key policy rates steady last week, offering some comfort to the market. Tata Steel plans to secure ₹3,000 crore ($313.23 million) via the issuance of five-year bonds, whereas Tata Projects, a real estate company, may generate ₹500 crore to ₹1,000 crore through a mix of three-year and five-year securities. “Both companies have notified merchant bankers and are hoping for rates to decrease further before entering the market,” one of the bankers stated. The bankers requested anonymity since they are not permitted to communicate with the press. Tata Projects did not respond to an email requesting a comment, while Tata Steel stated, “We currently have no immediate plans for any bond issuances.” Ahead of the RBI’s rate decision, yields on AAA-rated two-to-five-year corporate bonds exceeded 8 percent, marking their peak since early 2019, based on LSEG data, and have since plummeted by roughly 50 basis points. Tata Steel, with more than ₹15,000 crore in ​unpaid bonds, faces a ₹1,000-crore maturity due in October. The borrower with an AAA rating last accessed the market in February 2025, securing ₹3,000 crore through five-year bonds with a 7.65 per cent coupon. In the same month, AA-rated Tata Projects secured ₹500 crore by issuing six-year bonds with an 8.60% coupon. $TATASTEEL