India’s Essar Energy launches euro syndication

21 Jul 2011

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?

Continue reading this article

Try full access to GlobalCapital

Free trial