ONGC builds $1.5bn bridge with nine banks

ONGC Videsh, the international arm of Oil and Natural Gas Corp, has picked a group of nine banks to arrange its $1.5bn 12 month bridge loan, in a deal that could be closed as a club rather than going into syndication.

  • By Rashmi Kumar
  • 11 Oct 2013

Australia and New Zealand Bank, Bank of Tokyo Mitsubishi-UFJ, BNP Paribas, Citi, Deutsche Bank, Mizuho Bank, Royal Bank of Scotland, State Bank of India and Sumitomo Mitsui Banking Corp have been chosen as the leads, according to a banker.

They are jointly underwriting the whole loan, with ...

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1 Citi 2,007 6 18.96
2 BNP Paribas 1,434 4 13.55
3 Goldman Sachs 1,392 3 13.15
4 Barclays 1,097 2 10.37
5 Morgan Stanley 1,094 2 10.34

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5 Barclays 11,929.65 41 7.12%