Sesa Sterlite pushes back deadline for $500m refi facility

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By Shruti Chaturvedi
23 Oct 2014

Vedanta subsidiary Sesa Sterlite, which opened a $500m refinancing loan into general syndication on September 12, has pushed back the deadline for the fundraising.

The general syndication comes after a senior phase in which National Bank of Abu Dhabi and CTBC Bank joined original mandated lead arrangers and bookrunners ICICI Bank and Standard Chartered at the top level.

The money was prefunded to the borrower by two banks on October 9, said ...

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