Loan Week, October 11-17

A roundup of the latest syndicated loan market news.

India

Century Textiles Industries has sealed a Rs2.9 billion eight-year term loan through sole bookrunner and mandated lead arranger State Bank of India.

Final allocations saw participant State Bank of Mysore give Rs820 million while State Bank of Baroda and State Bank of Hyderabad took Rs810 million apiece. The lead wrapped up the syndication with Rs500 million.

Proceeds are for the expansion of a cement manufacturing facility.

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