Jindal Steel mandates eight for $400m loan

Eight banks have been mandated for Jindal Steel and Power’s $400m five year loan, and plan to price the deal with all-ins of around 320bp over Libor, which bankers say will be more than enough to attract plenty of demand.

  • 27 Mar 2013
Australia and New Zealand Bank, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, Crédit Agricole, Deutsche Bank, Standard Chartered and Royal Bank of Scotland have been named the leads on the deal after they cleared the credit approval stage, according to a banker familiar with the loan. ...

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1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

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