Tata Steel and Jio-RComm loans in spotlight

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By Shruti Chaturvedi
03 Jan 2018

India’s Tata Steel has issued indicative pricing for a borrowing totalling $2.15bn, which will mainly refinance debt at its Singaporean and Dutch units.

Tata Steel has reached out to about 15 lenders and is hoping to lock in five year money for 220bp all-in, said a banker close to the conversations. Discussions for the loan began in December, as GlobalCapital Asia has previously reported. 

“[All-in pricing of] 220bp places them firmly in the ...

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