REC increases to $285m as IRFC also wraps up

Bankers working on Rural Electrification Corp’s $285m financing have wrapped up syndication and funded the deal, managing to increase the final loan size by $35m.

  • By Rashmi Kumar
  • 03 Dec 2013

State Bank of India and Sumitomo Mitsui Banking Corp were the original bookrunners and mandated lead arrangers, launching the five year deal into general in mid-October. They have been allocated $150m and $50m, respectively, according to a banker.

HSBC also joined at the top level at the ...

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