SMBC brings $125m loan from Bharat Oman Refineries

Refinery pipes 230x150
By Pan Yue
11 Feb 2019

India’s Bharat Oman Refineries, a joint venture between Bharat Petroleum Corp and Oman Oil Co, has returned to the offshore loan market with a $125m deal that breaks a four-year absence.

Sumitomo Mitsui Banking Corp is the sole mandated lead arranger and bookrunner, according to a source close to the situation. The deal was launched into general syndication on February 1.

The two year term loan amortises over 1.75 years. It pays a margin of 73bp over Libor. ...

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