M&M Finance seeks debut $175m facility

Autoroute Tractors
By Pan Yue
24 May 2019

India’s Mahindra & Mahindra Financial Services has launched its first offshore loan through three banks.

HSBC, State Bank of India and Standard Chartered are the three mandated lead arrangers and bookrunners, which have pre-funded the $175m facility, according to sources.

The transaction has a tenor of three years with an average life of 2.75 years. The margin is set at 110bp over Libor. ...

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