Canara Bank launches $175m loan

Canara Bank launched a long-awaited $175m loan on Monday, over a month after the Indian borrower initially planned to come to market.

  • 06 Dec 2010

ANZ, Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi, BNP Paribas, Crédit Agricole, Mizuho and Standard Chartered are running the three year loan which has a margin of 118bp over Libor.

Banks can participate on three levels. Mandated lead arrangers can commit $15m for fees of 99bp and ...

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