GC
REC opens $170m greenshoe into syndication
Indian company Rural Electrification Corp has launched into general syndication the $170m greenshoe portion of its five year loan. The funds for the original $230m have already been provided by the six bookrunners and mandated lead arrangers and the $170m greenshoe is being syndicated on a best efforts basis.
The loan is open to banks at three levels of participation. Mandated lead arrangers need to commit a minimum of $25m to earn fees of 200bp for an all-in of 190bp. Lead arrangers need to commit $15m-$24m to earn 180bp and an all-in of 186bp. Arrangers need to
...
Already a subscriber? Login
