GC
PFC mandates duo for $200m loan return
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? Login
