TS Global Holdings Pte (TSGH), a subsidiary of Tata Steel incorporated in Singapore, has executed agreements for loan facilities of $1.5 billion comprising a 5 year loan of $750 million and a 6 year loan of $750 million. The proceeds of this loan will be used to repay existing term loan facilities in TSGH.
The loan facilities have been contracted with a group of 16 Mandated Lead Arrangers: Australia and New Zealand Banking Group, Axis Bank, Bank of America N.A., Bank of Tokyo-Mitsubishi UFJ., BNP Paribas, Citigroup Global Markets Asia, Credit Agricole Corporate and Investment Bank, Deutsche Bank AG, Emirates NBD Capital., First Gulf Bank RISC, HDFC Bank, ICICI Bank, National Bank of Abu Dhabi PJSC, Societe Generale, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
