Tata Chemicals $190m refi hits market

Indian company Tata Chemicals has launched a $190m six year loan into general syndication via bookrunners and mandated lead arrangers Crédit Agricole and Mizuho Bank.

  • By Rashmi Kumar
  • 30 Sep 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 open in syndication: lead arrangers committing $15m or more get flat fees of 65bp for all-ins of 208bp, while arrangers chipping ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

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1 Citi 40,734.72 129 10.95%
2 JPMorgan 33,625.25 95 9.04%
3 Wells Fargo Securities 31,464.27 90 8.46%
4 Bank of America Merrill Lynch 28,936.60 91 7.78%
5 Credit Suisse 23,189.41 72 6.23%