Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Indian Petrochemicals > News item |
Indian Petrochemicals closes syndication of $100 million term loan
By Sara Rosenberg
New York, Aug. 5 - Indian Petrochemicals Corp. Ltd completed syndication of its $100 million three-year multi-currency term loan facility, according to a company news release.
Citigroup Global Markets Asia Ltd was the sole bookrunner on the deal, The Bank of Tokyo-Mitsubishi Ltd., Bayerische Hypo-und Vereinsbank AG - Singapore Branch, BNP Paribas, Calyon, Citigoup Global Markets Singapore Pte Ltd., Mizuho Corporate Bank Ltd. and Sumitomo Mitsui Banking Corp. acted as lead arrangers, Chinatrust Commercial Bank Ltd. - Offshore Banking Branch, The International Commercial Bank of China - Singapore Branch, E. Sun Commercial Bank Ltd. - Offshore Banking Branch and Commerzbank AG - Singapore acted as arrangers, and the Export-Import Bank of the Republic of China Branch acted as a lead manager.
The term loan, which was significantly oversubscribed, carries an interest rate of Libor plus 44 basis points.
Indian Petrochemicals is a Vadodara, India-based petrochemical company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.