An US$80mn five-year credit for India’s Gujarat Ambuja Cement has been signed. The deal was oversubscribed and increased from US$75mn.
Mandated arrangers ABN Amro Bank and BA Asia held US$10.67mn apiece, Citigroup took US$10.66mn and Crédit Lyonnais absorbed US$10mn.
Arrangers are Bumiputra-Commerce Bank and Development Bank of Singapore contributing US$10mn each and Sumitomo Mitsui Banking Corp pledging US$8mn.
Co-arrangers comprise Chiao Tung Bank and Syndicate Bank lending US$5mn each.