India
Jubilant Offshore Drilling has signed a Rs13.4 billion financing through sole bookrunner SBI Capital Markets.
The 12-year deal is priced at 450bp over the SBI Base Rate and will be repaid in 34 quarterly repayments after a one-and-a-half-year grace period.
Syndication saw Allahabad Bank, Bank of Baroda, Bank of India, Corporation Bank, Export-Import Bank of India, Indian Bank, Punjab National Bank, State Bank of Bikaner Jaipur, State Bank of India, State Bank of Patiala and United Bank of India join in at lower tiers.
Proceeds are to support an offshore drilling project located in Krishan Godavaru Basin, Andhra Pradesh,...
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