Related News

Cr édit Lyonnais , Natexis Banques Populaires and OCBC have launched a US$50mn one-year term loan for Eximbank India . Banks earn a margin of 25bp over Libor. Fees to the market are set at two tiers with co-arrangers earning 17bp for commitments of US$10mn or more and senior managers taking 15bp for pledges of US$5mn-9mn. These amount to all-ins of 42bp and 40bp respectively.

The borrower came to the market in February with a US$100mn five-year term loan arranged by BA Asia. This deal was cancelled as the facility failed to attract big commitments from the market. The facility was priced with a margin of 70bp and paid a management fee of 65bp.

Proceeds from the latest facility are to fund lending to its export finance business.