Commitments fire up ONGC Videsh, Saka Energy loans

Oil and gas
By Shruti Chaturvedi
18 Feb 2016

Loans for ONGC Videsh and Saka Energi Indonesia have had commitments from banks, with the former likely to close at the end of this week.

The refinancing for ONGC Videsh, the international arm of India’s Oil and Natural Gas Corp, has attracted commitments from just two lenders in syndication. 

They chipped in $40m in total, a small amount when compared to the size of the borrowing. But a banker close to the trade ...

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