India’s Shipping Corporation hits market with $260m loan

Shipping Corporation of India launched a $260m loan into the market through sole arranger State Bank of India on Tuesday, as activity in the Asian loan market starts to pick up after Chinese New Year.

  • 18 Feb 2010

The loan is split into a $75m three year piece that carries all-ins between 225bp-235bp and a $185m 5-1/2 year tranche that pays 243bp-255bp.

The fully underwritten loan will support the acquisition of six long-range product tankers, which will be delivered between April and July 2010.

SBI beat ...

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