Tata Motors markets €3.875 billion loan for Iveco acquisition

Tata Motors Ltd is syndicating a €3.875 billion ($4.5 billion) bridge loan to fund its proposed acquisition of Iveco Group’s commercial vehicle business, according to people familiar with the matter, in what would be one of the largest such deals in Asia this year.The 12-month borrowing facility carries a letter of support from Tata Sons Pvt, an investment holding arm of Tata Group, the people said, asking not to be identified discussing private matters. The loan pays a blended interest margin of 102.5 basi ...