Tata Chemicals forms $190m loan solution

By Rashmi Kumar
25 Nov 2013

Bankers have wrapped up syndication of Tata Chemicals’ $190m six year loan, gathering commitments from a group of seven banks in general. Allocations will be finalised on November 25, but despite an oversubscription the loan size will remain the same.

The seven undisclosed lenders join bookrunners and mandated lead arrangers Crédit Agricole and Mizuho Bank, which launched the deal to the market on September 30, according to a banker.

Although the deal is oversubscribed, there will be no increase due to constraints by the Reserve Bank of ...

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