Bharti picks loan banks, squeezes price

India’s Bharti Airtel is close to mandating eight lenders on a $5bn syndicated loan, raising hopes for its merger with South African mobile phone company MTN and highlighting the improvement in Asia’s debt markets.

  • 27 Aug 2009

State Bank of India and Kotak Mahindra are set to lead a rupee tranche worth $1.5bn, while ANZ, Barclays Capital, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, DBS, State Bank of India and Standard Chartered are to lead the $3.5bn dollar portion.

The banks have not signed mandate ...

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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