Say ‘Ta-ta’ to Your Savings!

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When Indian motor company, Tata, recently bought the Land Rover & Jaguar brands from Ford, they had to get a bit creative to come up with the readies.
If, like me, you get a bit twitchy borrowing a few quid off someone to tide you over until payday, then imagine arranging a bridging loan of $3bn to overcome a small cashflow problem!
Tata have arranged the bridging finance for a period of 15 months – imagine the interest on that!