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Jaguar Land Rover marketing $500 million five-year guaranteed notes
By Paul A. Harris
Portland, Ore., Oct. 6 – Jaguar Land Rover Automotive plc is expected to price a $500 million offering of five-year guaranteed senior notes (B1/B) on Wednesday, according to market sources.
BofA Securities is the lead.
The notes come with two years of call protection.
The prospective issuer, a Coventry, U.K.-based holding company for carmaker Jaguar Land Rover Ltd., a subsidiary of Indian automotive company Tata Motors, plans to use the proceeds for general corporate purposes.
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