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M&M Finance seeks debut $175m facility

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

  • By Pan Yue
  • 24 May 2019

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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