Tata Chemicals $190m refi hits market

Tata Steel
By Rashmi Kumar
30 Sep 2013

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.

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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