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.
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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