Tata Power breaks two year hiatus with new deal

electricity
By Pan Yue
27 Sep 2018

Indian electricity utility firm Tata Power has mandated five banks to lead a $245m borrowing, ending a two year hiatus from the offshore loan market.

ANZ, Bank of America Merrill Lynch, DBS, Industrial and Commercial Bank of China and Sumitomo Mitsui Banking Corp are mandated lead arrangers and bookrunners, said a banker close to the situation.

The deal, which has a tenor of three years, is expected to be launched into general ...

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