Power Finance reveals pricing on $250m loan

India power plant_230px
By Shruti Chaturvedi
03 Jul 2014

Pricing has been revealed for Indian company Power Finance Corp’s $250m five year fundraising, ahead of its expected launch into syndication this month.

The deal will offer a margin of 155bp over dollar Libor, according to a banker working on the transaction. At the top level, lenders will receive fees of 175bp, leading to an all-in of 190bp, he added.

Led by bookrunners and mandated lead arrangers Bank of Tokyo ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial