9 Sep 2010
ERJ staff report (DS)
Mumbai, India -- Five international banks have reportedly formed a consortium to raise $175 million in funds for Balkrishna Industries. This is the first time Balkrishna has entered th einternatinoal loan market.
The five banks, ANZ, BNP Paribas, RBS, Standard Chartered and State Bank of India will launch the loan notes soon, after some have arranged external underwriting.
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Indian tyre manufacturer (Balkrishna) makes loan markets debut IFR Asia (India)
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