Tata International mandates one for $110m

By Shruti Chaturvedi
15 Dec 2016

Tata International Singapore has mandated one bank to supply a $110m loan, which will be used to make payments to bondholders.

ICICI Bank is sole lead on the deal, according to a source. The borrowing has a door-to-door maturity of three years, but there is an amendment at nine months after which the pricing will be flexed. But the source declined to provide details on pricing. 

The pricing step-up ...

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