StanChart steps up with £400m loan for HCL

Standard Chartered has sole underwritten a £400m ($655m) acquisition loan for an Indian borrower in one of the biggest financing commitments by a single bank since the credit crisis took hold of the Asian loan market in September.

  • 23 Oct 2008

The facility supports the takeover of the UK’s Axon Group by HCL Technology, and comes as many of the region’s biggest lenders are shying away from big underwriting commitments amid market uncertainty.

Standard Chartered agreed to provide the £400m one year loan for HCL, India’s fifth largest software ...

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Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%