Tata returns from hiatus with $190m refinancing

Indian company Tata Chemicals has ended its five year absence from the loan market, launching a $190m six year loan into general syndication via bookrunners and mandated lead arrangers Crédit Agricole and Mizuho Bank.

  • By Rashmi Kumar
  • 04 Oct 2013

Priced at a margin of 195bp over dollar Libor, the deal is fully underwritten by the leads, according to a banker.

There are two participation levels up for grabs: lead arrangers committing $15m or more get flat fees of 65bp for all-ins of 208bp, while arrangers chipping ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 33,707.86 107 11.65%
2 JPMorgan 26,311.06 76 9.09%
3 Wells Fargo Securities 25,846.25 72 8.93%
4 Bank of America Merrill Lynch 23,273.95 75 8.04%
5 Barclays 17,494.57 59 6.04%