ONGC builds $1.5bn bridge with nine banks

ONGC Videsh, the international arm of Oil and Natural Gas Corp, has picked a group of nine banks to arrange its $1.5bn 12 month bridge loan, in a deal that could be closed as a club rather than going into syndication.

  • By Rashmi Kumar
  • 11 Oct 2013

Australia and New Zealand Bank, Bank of Tokyo Mitsubishi-UFJ, BNP Paribas, Citi, Deutsche Bank, Mizuho Bank, Royal Bank of Scotland, State Bank of India and Sumitomo Mitsui Banking Corp have been chosen as the leads, according to a banker.

They are jointly underwriting the whole loan, with ...

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2 Goldman Sachs 2,150 3 10.73
3 Citi 2,118 5 10.57
4 Societe Generale 1,506 3 7.52
5 Rabobank 1,413 2 7.06

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5 Goldman Sachs 13,413.44 31 5.17%