Loan week, January 21-27

A roundup of the latest syndicated loan market news.

India

Bhubaneshwar Expressways’ Rs2.4 billion 14-year term loan has been secured by sole bookrunner and mandated lead arranger SBI Capital Markets.

Final allocations saw participants Punjab National Bank commit Rs700 million, while Axis Bank and L T Infrastructure Finance lent Rs600 million each. India Infrastructure joined in with Rs540 million.

Proceeds are to support a highway project in the State of Orissa, India.

A Rs4.0 billion 10.5-year term loan for Hamir Real Estate has been signed via sole bookrunner and mandated lead Yes Bank.

The facility is fully underwritten and will be repaid in 28 quarterly installments after a 3.5-year grace period.

Syndication saw the lead pledge Rs3.5 billion, while participant Corporation...

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