‘Rich’ Jindal loan pulls in $30m in commitments

24 Aug 2011

India’s Jindal Steel & Power had received $30m of commitments by the end of last week, after launching a $475m loan into syndication. Ten more banks are now considering the deal — on top of the ten which came in as mandated lead arrangers before the deal was taken on the road.

The leads had secured commitments from four Taiwanese banks by the end of last week: Chinatrust Bank and Mega International Commercial Bank committed $10m, and Chang Hwa Bank and Hua Nan Commercial Bank each pledged $5m.

The banks join 10 mandated lead arrangers — ANZ, Barclays Capital, Bank ...

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