Loan Week

Loan Week, December 7-13

A roundup of the latest syndicated loan market news.

India


Chartered Hotel has obtained a Rs1.2 billion 11-year-and-six-month term loan through mandated lead arranger Kotak Mahindra Bank.

Final allocations saw participants Andhra Bank and Cooperation Bank join in with Rs420 million each while Indian Overseas Bank provided Rs336 million.

Proceeds are for the construction of a 195-room five-star hotel in Vibhuti, Uttar Pradesh, India.

IOT Utkal Energy Services has secured a Rs2 billion financing through mandated arranger State Bank of India.

The single tranche one-year facility is priced at 225bp over the State Bank of India base rate.

Final allocations saw participant Bank...

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