India’s PFC plugs in for $250m as NTPC mandates

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By Shruti Chaturvedi
17 Jul 2014

India’s state-owned Power Finance Corp (PFC) launched its $250m five year loan into general syndication on July 11 with three participation levels, while NTPC has picked the lead for its own fundraising.

PFC’s loan is led by bookrunners and mandated lead arrangers Bank of Tokyo Mitsubishi-UFJ, Mizuho Bank and State Bank of India. SBI has committed $150m for the deal, while the two Japanese banks are providing $50m each. All will sell down in syndication.

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