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Asia Syndicated LoansAsia Leveraged/non-investment grade loans

Tata Steel seeks to cut pricing on 2014 refi

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Tata Steel is looking to reprice a $3.1bn refinancing it sealed in 2014 and has asked banks on that deal for feedback. Although the loan is not performing remarkably in secondary, the company will be able to cut costs thanks to its solid banking relationships, said a source who worked on the 2014 borrowing.

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