Jindal to open general tap on Monday

21 May 2013

The bookrunners on Jindal Steel and Power’s $400m five year loan plan to open it to the general market on Monday (May 27), with two levels of commitments up on offer.

Lead arrangers pledging $20m or more will earn all-ins of just under 315bp, and arrangers with $10m or more will get an all-in of just over 310bp, according to a banker working on the deal.

A “good number” of lenders have already joined as mandated lead arrangers during ...

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