Tata returns from hiatus with $190m refinancing

Indian company Tata Chemicals has ended its five year absence from the loan market, launching a $190m six year loan into general syndication via bookrunners and mandated lead arrangers Crédit Agricole and Mizuho Bank.

  • By Rashmi Kumar
  • 04 Oct 2013

Priced at a margin of 195bp over dollar Libor, the deal is fully underwritten by the leads, according to a banker.

There are two participation levels up for grabs: lead arrangers committing $15m or more get flat fees of 65bp for all-ins of 208bp, while arrangers chipping ...

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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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1 Citi 74,831.87 212 13.30%
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5 Credit Suisse 30,239.23 97 5.38%