Chemical sector loans hit new highs

Hindustan Urvarak & Rasayan lead the way in India, and Brookfield MLF leads Australian club deals this week.

Chemical sector loans in Asia Pacific ex Japan mark highest year-to-date level

         Hindustan Urvarak Rasayan Ltd has signed an INR 52.8 billion facility through sole mandated lead arranger State Bank of India. Syndication saw Andhra Bank, Bank of India, Canara Bank, Punjab National Bank and Vijaya Bank joined as participants. Proceeds are to support the redevelopment of a 3850 mptd urea and 2200 MTPD ammonia capacity petrochemical plant.

         In India, syndicated loans stand at $31.2 billion so far this year, down 34% from $47.1 billion in the same period of 2017....

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