Axis sells down full $100m loan hold of Syndicate Bank

By Pan Yue
08 Jan 2020

India’s Syndicate Bank has closed its $100m borrowing, with the lead bank selling the entire amount to three participants.

Axis Bank was the sole mandated lead arranger and bookrunner. The deal was launched into general syndication in October.

Axis sold all of its portion to three lenders, ending up with a zero hold of the deal. Bank of India and HDFC Bank had $35m apiece while ...

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