Tata Chemicals forms $190m loan solution

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.

  • By Rashmi Kumar
  • 25 Nov 2013

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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