Indian Oil gets big Taiwan demand for $250m loan

17 Apr 2012

Indian Oil Corp has closed a $250m loan, getting strong demand from Taiwanese lenders among the 20 banks that committed to the transaction.

The loan, which pays a margin of 205bp over dollar Libor, was agreed with the bookrunners last December, but did not finish syndication until last week.

The three bookrunners lent $110m between them. Mizuho Corporate Bank committed $50m, and both State Bank of India and Sumitomo Mitsui Banking ...

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