SBI deal nets strong response to close at $554m with 26 banks

By Rashmi Kumar
15 May 2014

State Bank of India has closed its loan at $554.5m, managing to gather enough demand during syndication to increase its borrowing from the launch size of $390m.

Allocations are still being determined, according to bankers, with the transaction likely to be signed in the next two weeks.

Australia and New Zealand Bank, Bank of America Merrill Lynch, Bank of Tokyo Mitsubishi-UFJ, Barclays, BNP Paribas, Crédit Agricole, DBS, Mizuho Bank, Standard Chartered, Sumitomo Mitsui Banking ...

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