Web Sify
Follow us on

BASIS POINT- Bids in for IOC loan

Source : REUTERS
Last Updated: Wed, Jan 30, 2013 11:10 hrs

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 said.

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 SMBC. (Reporting By Maggie Chen; Editing by Gavin Stafford)

More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance