Syndicate Bank joins Indian funding rush with $100m loan

India’s Syndicate Bank launched a $100m nine month loan into the market last week as the capital markets continue to swell with deals from the country’s financial institutions.

  • 08 Feb 2010

Intesa Sanpaolo and Standard Chartered are the lead banks on the deal, which carries a margin of 125bp over Libor.

Syndicate Bank’s deal brings the number of loans from Indian banks to three in just one month, following a $75m loan for HDFC Bank and the $125m three ...

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