India’s Shipping Corporation hits market with $260m loan

Shipping Corporation of India launched a $260m loan into the market through sole arranger State Bank of India on Tuesday, as activity in the Asian loan market starts to pick up after Chinese New Year.

  • 18 Feb 2010

The loan is split into a $75m three year piece that carries all-ins between 225bp-235bp and a $185m 5-1/2 year tranche that pays 243bp-255bp.

The fully underwritten loan will support the acquisition of six long-range product tankers, which will be delivered between April and July 2010.

SBI beat ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%