02
Dec
16:11
Tata Steel refinances debt
India’s Tata Steel has refinanced some of its debt in a move to save costs and extend tenor, the company says in an Indian stock exchange posting, monitored by Kallanish.
Tata has used its Singapore subsidiary TS Global Holdings Pte (TSGH) to execute two loan agreements with a group of 16 mandated lead arrangers, the steelmaker confirms. The total sum involved is $1.5 billion comprising a 5-year loan of $750 million and a 6-year loan also of $750 million. …
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Anonymous
Very good overview of the weekly steel market.
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