Tata Motors Finance eyes debut $60m borrowing

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By Pan Yue
24 May 2019

Tata Motors Finance, a subsidiary of India’s Tata Motors, is tapping the offshore market for the first time as it looks to close on a $60m facility.

Barclays and DBS are the two mandated lead arrangers and bookrunners, according to sources.

The bullet loan has a tenor of three years. It offers a margin of 190bp over Libor. Potential lenders committing $20m and above can receive a 30bp fee for 200bp all-in, and those chipping ...

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