Hindustan Petroleum mandates three for latest loan

Hindustan Petroleum Corp has mandated three banks to run a loan that will be worth at least $300m, becoming the latest in a line of Indian state-owned companies queuing to target lenders.

  • 23 Jun 2011
HPC is looking to raise $300m or more — depending on bank appetite — and has appointed Bank of Tokyo-Mitsubishi, SMBC and State Bank of India to run the five year loan. But bankers expect rival Steel Authority of India (Sail) will jump ahead of the queue and ...

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