Shriram Transport parks $350m loan in syndication

By Pan Yue
20 Aug 2018

India's Shriram Transport Finance Corp is tapping the loan market for a $350m five year borrowing, its first dollar-denominated fundraising.

Five mandated lead arrangers and bookrunners, Deutsche Bank, HSBC, ICICI Bank, Kotak Mahindra Bank and Standard Chartered, launched the deal into general last week, said a banker close to the situation.

The term loan pays a margin of 140bp over Libor and has an average life of ...

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