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ONGC Videsh (OVL), the overseas investment arm of Indian state-owned ONGC, is seeking a dual currency $844m-equivalent loan from the offshore syndication market. -
Industrial Commercial Bank of China’s London branch and subsidiary signed a self-arranged $1.25bn facility in an oversubscribed deal with 16 banks on Tuesday. The deal follows a spate of lending by the bank in emerging market deals.
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Bharat PetroResources (BPRL), the overseas arm of Bharat Petroleum Corp that approached lenders for a $300m loan in April, has chosen two banks to arrange the deal.
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A $500m three year borrowing for State Bank of India has been allotted among 21 lenders, eight of which joined during general syndication.
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Afreximbank has closed its largest ever syndicated loan at $1.2bn with 35 banks, its second facility of the year, after a Samurai in April.
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China Huishan Dairy has found a discrepancy in its cash position, which as at March 31 was much higher than confirmations received from banks, according to a Monday filing.
