|
Mumbai, September 4:: Country's second largest lender, ICICI Bank, on Tuesday said it has signed a multi-tranche dual currency USD 1.5-billion syndication loan agreement in Singapore.
"The syndication is a benchmark deal as this facility marks India's largest offshore syndicated loan financing by a financial institution," the bank's Deputy Managing Director Chanda Kochhar said in a statement in Mumbai.
The facility is split into three tranches - a USD 500 million 364-day tranche (tranche A), USD 500 million three-year tranche (tranche B) and USD 500 million five-year tranche (tranche C).
Tranche C would be repayable in two equal instalments at the end of 4.5 years and five years and hence shall have an average maturity of 4.75-year, the statement said.
A total of 28 banks participated in the syndication facility across the globe.
New players have participated in this deal, both at the Mandated Lead Arrangers (MLA) level and general syndication.
"We are delighted with the widespread interest this deal has generated from the leading banks across the globe. It is heartening to see a number of new players participating in this deal," Kochhar said.
BNP Paribas, Bayerische Landesbank, Calyon, Commerzbank, Goldman Sachs, HSBC, Intesa Sanpaolo, Netixis, Standard Chartered and Sumitomo Mitsui Banking Corporation were among the 10 mandated lead arrangers for the syndication.
More from BANKING & FINANCE
Discuss this story on expressindia forums
|
|
 |
 |
 |
About Us | Contact Us | Advertisers | Site Map | Make us your homepage | Work for Us | RSS | Subscribe | Electronic Edition | Privacy Policy© 2009: The Indian Express Limited. All rights reserved throughout the world
