Tata Communications Netherlands, a subsidiary of telco Tata Communications, is looking to raise US$525m in a fiveyear loan, TelecomFinance has confirmed.
The facility pays 290bp over Libor.
The bookrunners on the transaction are RBS, Standard Chartered,…
Tata Communications Netherlands, a subsidiary of telco Tata Communications, is looking to raise US$525m in a fiveyear loan, TelecomFinance has confirmed.
The facility pays 290bp over Libor.
The bookrunners on the transaction are RBS, Standard Chartered, ANZ, DBS Bank and ING. EDC also joined as mandated lead arranger.
Handset maker Micromax Informatics has downsized its IPO from US$150m to US$104m because of difficult market conditions. The company is reportedly looking to offer 21.5 million shares at a price range of between Rs187 (US$4.15) and Rs217 (US$4.82), in order to invest in a new factory and marketing. Last September, Micromax sold a minority stake to Sandstone Capital, Sequoia Capital and Madison India Capital – for about Rs2bn (US$44m).
