PFC mandates duo for $200m loan return

India_adobe_575x375_20
By Pan Yue
23 Sep 2020

India’s Power Finance Corp has mandated two banks for a $200m loan, and bankers expect the firm's government ownership will draw a strong response in syndication.

State Bank of India will commit $150m, while DBS is providing $50m-equivalent in Singaporean dollars, which will be swapped into US dollars, said a banker close to the situation.

The five year bullet loan is in the documentation stage. The two lead banks will prefund the deal before ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial