REC increases to $285m as IRFC also wraps up

Bankers working on Rural Electrification Corp’s $285m financing have wrapped up syndication and funded the deal, managing to increase the final loan size by $35m.

  • By Rashmi Kumar
  • 03 Dec 2013

State Bank of India and Sumitomo Mitsui Banking Corp were the original bookrunners and mandated lead arrangers, launching the five year deal into general in mid-October. They have been allocated $150m and $50m, respectively, according to a banker.

HSBC also joined at the top level at the ...

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2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%