Loans week August 26-September 1

The third largest Utility Energy loan signed in Asia Pacific ex Japan in 2016 YTD

• Sasan Power has signed an INR 111.0 billion term loan through sole bookrunner and mandated lead arranger State Bank of India. Syndication saw Axis Bank, Andhra Bank, Bank of Baroda, Corporation Bank, IDBI Bank, India Infrastructure Finance, Life Insurance Corp of India, Power Finance Corp, Punjab National Bank, Rural Electrification Corp, Union Bank of India and United Bank of India join in participants. Proceeds are to repay existing debt and for capital expenditure purposes.
• This is the third largest Utility Energy sector deal signed in Asia...