HONG KONG, Jan 30 (Basis Point) - Indian Oil Corp (IOC)
received four bids on Monday in response to its request for
proposals for a US$120m five-year loan, according to sources.
ANZ, Mizuho Corporate Bank, State Bank of India and Sumitomo
Mitsui Banking Corp each put in bids on a sole basis, sources
A mandate on the bullet loan is expected to be awarded soon.
Funds are for capital expenditure.
In September 2012, the borrower sealed a US$300m five-year
loan which paid a top-level all-in of 235bp via a margin of
195bp over Libor. Mandated lead arrangers and bookrunners on
that facility were Bank of Tokyo-Mitsubishi UFJ, Mizuho, SBI and
(Reporting By Maggie Chen; Editing by Gavin Stafford)