Indian state-owned firms seek $580m

Oil pipeline 230x150
By Shruti Chaturvedi
10 Mar 2016

Indian Oil Corp and Bharat Petroleum Corp have launched their respective borrowings, worth a collective $580m, into general syndication. Both are offering the same base margin, but the latter is being generous with its all-ins for new banks.

A $250m five year loan for IOC has opened for retail participation after two banks joined during limited syndication.

DBS, which landed the mandate for the deal in December 2015, is understood to have been syndicating the loan in a limited fashion since the beginning of this year. It ...

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