Oil India breaks $1.3bn bridge into two, as HSBC goes solo on bilateral loan with tighter pricing

Oil India is splitting its $1.3bn bridge loan into two facilities, a $1bn club and a $300m loan. But while a group of 10 lenders will provide the larger amount for an all-in of about 95bp over dollar Libor, EuroWeek Asia understands that HSBC is arranging the smaller chunk as a bilateral at a level thought to be about 65bp over, writes Rashmi Kumar.