IDBI eyes loan return after SBI success
Indian state-owned lender IDBI Bank is plotting a return to the loan market just eight months after its last deal. Liquidity has tightened over the past few months, but State Bank of India’s recent success has convinced IDBI that the time is ripe to launch a new deal.
The borrower has still not mandated the loan, but bankers with knowledge of the deal expect it to launch within two weeks. IDBI will structure the loan as a three year deal, but is still finalising the likely launch size.
Lenders have been swamped by Indian credits over the
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