Foreign bankers sceptical as IRFC eyes Japanese for 10 year loan

Indian Railway Finance Corp has turned heads in the loan market with its request for up to $250m of 10 year money. While some market participants balked at the idea of 10 year commercial loans, those at the firm’s main target audience — Japanese banks — think the deal is worth a look. Shruti Chaturvedi reports.

  • 22 Feb 2018
The company is looking for a base amount of $100m and has included a greenshoe that could push the financing to $250m, said a Mumbai-based banker at an international bank that received the request for proposals from IRFC but will not be pitching for it. The loan has ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 15.31
2 Industrial and Commercial Bank of China (ICBC) 12.35
3 CITIC Securities 8.92
4 Agricultural Bank of China (ABC) 7.60
5 China CITIC Bank Corp 6.76

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  • Last updated
  • Today
1 Goldman Sachs 17,554.09 85 7.58%
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3 Citi 14,373.60 98 6.20%
4 UBS 13,054.43 87 5.63%
5 China International Capital Corp Ltd 11,530.48 48 4.98%

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Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 25,830.74 225 7.65%
2 Citi 23,876.05 159 7.07%
3 JPMorgan 15,763.09 98 4.67%
4 Goldman Sachs 13,893.80 68 4.11%
5 Bank of America Merrill Lynch 13,756.20 87 4.07%

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