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.
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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