India to be a bright spot for loan syndications in first quarter

By Shruti Chaturvedi
11 Jan 2018

Indian loan activity has got off to a steady start, with a large borrowing for companies under the Tata Group, including Tata Steel, due to be mandated shortly. Lacklustre credit demand from Indian firms may become a thing of the past as market participants are betting on a pick-up in momentum from the country this year. Shruti Chaturvedi reports.

The mandate for a $2.16bn borrowing by Tata Steel and related entities is on the verge of being signed, with general syndication likely to be launched during the first quarter of 2018.

The sizeable transaction is only the beginning, however, as bankers believe India will be a promising ...

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