Indian Oil plans to tap old demand for $300m loan

Indian Oil Corp has launched a $300m loan into general syndication, giving the four bookrunners a chance to sell down part of their stake in the underwritten deal. They are hoping to appeal to lenders that got under-allocated the last time the company came to the market, and are pitching the deal with the same return.

  • 17 Jul 2012

The five year deal is offering lead arrangers, which must commit more than $15m, an all-in return of 235bp. That is the same level it offered on a $250m deal that it closed in April, and bankers think that those banks that got less than they hope for ...

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