Loan week, May 22-27

A roundup of the latest syndicated loan market news.

India

A Rs49 billion guarantee facility for Tata Motors has been inked through sole mandated lead arranger and bookrunner State Bank of India. The seven-year facility is priced at 350bp over the 10-year government security rate. Lenders receive a flat fee of 1.05%.

Final allocations saw the bookrunner lending Rs7 billion, while participants Bank of India and Indian Bank provided Rs8 billion and Rs7.8 billion each. IDBI Bank and Andhra Bank committed Rs5 billion and Rs4 billion respectively, while Federal...

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