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GC Asia
India’s Essar Energy launches euro syndication
Indian oil firm Essar Energy has launched its $1.5bn three year secured revolver into senior syndication.
The transaction is underwritten by Bank of America Merrill Lynch, BNP Paribas, HSBC, Lloyds, Standard Chartered and WestLB. BNP Paribas is co-ordinating the deal which will be sold to lenders active in EMEA. It may also be syndicated more generally following the senior phase.
The facility will finance Essar’s ...Already a subscriber? Login
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