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

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.

  • 25 Aug 2011

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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