ONGC mandates three for $900m bridge

Citi, the Royal Bank of Scotland and State Bank of India have been mandated for Oil and Natural Gas Corp’s $900m bridge loan, and will be pricing the deal at less than 100bp over dollar Libor.

  • 25 Feb 2013

The Indian state-run gas exploration company sent out requests for proposals last week and gave banks until February 22 to make their pitches, said a banker close to the deal.

The leads are unlikely to take the deal into syndication, and will complete the three month loan as ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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1 Citi 74,831.87 212 13.30%
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3 Wells Fargo Securities 55,583.74 178 9.88%
4 JPMorgan 40,793.11 141 7.25%
5 Credit Suisse 30,239.23 97 5.38%