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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1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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1 Citi 69,085.90 230 10.56%
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4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%