Essar offers bonds and loans in mobile stake monetisation

India’s Essar Group is close to completing a Rp45bn ($940m) bond and loan raising backed by its onshore unit’s 11% holding in Vodafone Essar, the country’s third biggest mobile phone firm.

  • 02 Jul 2009

It is planning a Rp20bn bilateral loan from State Bank of India and a Rp25bn bond sole-led by Barclays Capital that will monetise Essar’s put option in the joint-venture. The bookrunner is expected to release price guidance by next week.

Bankers close to the transaction say it is the ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
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  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
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