RJIL signs US$1.5 Billion Syndicated Term Loan Facility
The Facility is guaranteed by Reliance Industries Limited (RIL) and will be used to refinance the syndicated term loan facilities aggregating to US$1.5 Billion tied up by RJIL in 2010.
The Facility was fully underwritten by an initial group of 15 core relationship banks that comprise the Mandated Lead Arrangers and Bookrunners (“MLABs”).
The deal witnessed significant oversubscription before it was launched into syndication and two banks joined in as MLAs.
The overall bank group saw participation from banks all over the world, including North America, Europe, Australia, Asia and the Middle East. This term loan syndication saw a total of 26 banks participate in the Facility.
The 15 MLABs for the Facility were Australia and New Zealand Banking Group Limited, Bank of America N.A., Barclays Bank PLC, BNP Paribas, Singapore Branch, The Bank of Nova Scotia Asia Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citigroup Global Markets Singapore Pte. Ltd., Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, Mizuho Bank, Ltd., The Royal Bank of Scotland plc, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and Westpac Banking Corporation.
The 2 MLAs which came in before syndication are National Bank of Abu Dhabi P.J.S.C. and United Overseas Bank Limited.
The banks which joined in syndication are Abu Dhabi Commercial Bank, Societe Generale SA, Sumitomo Mitsui Trust Bank, Limited, Singapore Branch, Land Bank of Taiwan, Singapore Branch, Mega International Commercial Bank Co., Ltd., Offshore Banking Branch, Bank of Taiwan, Singapore Branch, CTBC Bank Co., Ltd. Singapore, The Iyo Bank, Ltd. and The Hyakujushi Bank, Ltd.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
