loan-week-may-2227

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 Bank took Rs3 billion. Allahabad Bank offered Rs2.5 billion and United Bank of India Rs1.5 billion, while Karur Vysya Bank and State Bank of Mysore ended up with Rs1 billion apiece. Other undisclosed banks provided...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222