Tata Steel starts talks for $7bn refinancing

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By Rashmi Kumar
15 May 2014

India’s Tata Steel is speaking to banks for a jumbo loan of $7bn as part of its refinancing initiative for Tata Steel Europe, previously known as Corus Group.

There is no official request for proposals yet, but the borrower is holding preliminary discussions with banks to understand the extent of their interest in its fundraising plans, said a senior loans banker involved in the talks. Pricing and tenors have not yet been decided.

“The main plan for ...

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