Loans week June 19-25

A roundup of the latest syndicated loan market news.

The second largest utility energy sector facility signed in India in 2015 year-to-date

Adani Power Rajasthan has signed a Rs44.7 billion term loan through sole bookrunner and mandated lead arranger IDBI Bank. Syndication saw Bank of India, Punjab Sind Bank, South Indian Bank, State Bank of India, Syndicate Bank and Vijaya Bank join in as lenders. Proceeds are to support the construction of a 1320 MW Supercritical Thermal Power Station located in Village Kawai, Tahsil Atru, District Baran, State Rajasthan, India.

The deal is the second largest utility energy sector facility in India so far this year, after RattanIndia Nasik Power’s $953 million facility...

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