Jindal raises profile with $475m syndication
India’s Jindal Steel & Power is planning to syndicate a $475m loan, despite already convincing 10 banks to prefund the deal. The borrower plans to sign the five year facility within the next two weeks, but it will talk to more lenders to raise its profile before offering more deals.
Jindal plans to make some big investments over the next few years, and now wants to do a syndicated deal to help it return to the loan market more regularly in the future.
The borrower wants some visibility and publicity as its not been to the market for a
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