Tata Motors’ JLR drives back for $1bn six year loan

Jaguar Land Rover
By Pan Yue
01 Nov 2018

Jaguar Land Rover, owned by India’s Tata Motors, has returned for a $1bn loan, just months after closing a smaller £640m ($839m) dual-tranche facility.

ANZ, Axis Bank, BNP Paribas, Citi, Crédit Agricole, DBS, First Abu Dhabi Bank, Mizuho and Standard Chartered are the mandated lead arrangers and bookrunners, said a banker close to the situation.

The borrowing has a tenor of six years. Assuming the drawdown happens in December, the remaining ...

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