Lenders agree terms for Vedanta’s $1.1bn privatisation loan

Oil rig from Fotolia 230x150
By Pan Yue
16 Oct 2018

A $1.1bn loan to take India’s Vedanta Resources private was launched into general syndication at the beginning of the month, with Credit Suisse and Standard Chartered at the helm.

The deal was split into three tranches: a $200m three month tranche ‘A’, a $400m 18 month tranche ‘B’, and a $500m three year tranche ‘C’. 

For the ‘A’ and ‘B’ tranches, the blended margin was 436bp over Libor and the average life was 0.9 years, while for the ...

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