Tata Motors seeks $250m loan for bond buy-back

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By Pan Yue
08 Jun 2018

India’s Tata Motors is seeking an up to $250m loan to buy back bonds that are due in 2020.

ANZ and Citi are the mandated lead arrangers for the facility, with the latter also serving as the facility agent, according to a stock exchange filing from the borrower. The senior unsecured term loan has a tenor of seven years with a bullet repayment structure. It is offering ...

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