Rivals blame pricing as Manipal falls short

Bankers running Manipal Education’s debut $270m seven year loan have received no commitments so far and have now extended the deadline for lenders to make their pledges. This has led rival bankers to question the pricing of the deal.

  • 27 Mar 2013

Deutsche Bank and ICICI were the original bookrunners of the loan for the privately-owned Indian company, and brought in Nomura at the top level. The leads launched the deal into general syndication on February 15 and gave lenders until the end of March to make their commitments.

But no ...

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