Tata Motors is in the process of arranging a €3.875bn ($4.5bn) bridge loan to finance its intended purchase of the commercial vehicle (CV) division of Iveco Group. This transaction is poised to be among the most significant of its kind in Asia for the current year, reported Bloomberg, citing familiar sources. The loan, which has a 12-month term, is backed by a letter of support from the Tata Group’s investment holding company, Tata Sons. The financing arrangement is said to include a blended interest ra ...

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 ...