GAIL fires up $300m refinancing via three

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By Shruti Chaturvedi
11 Oct 2016

Gas Authority of India (GAIL) has rolled a $300m refinancing into general syndication through three mandated lead arrangers and bookrunners.

DBS, Mizuho and Sumitomo Mitsui Banking Corp are arranging the loan, which they pre-funded on August 30. They brought in Bank of China as an MLA ahead of syndication, opening the deal at two levels.

Lead arrangers committing $20m-$29m make 36.75bp in fees for 88bp all-in and arrangers committing ...

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