Cairn goes for multi-tranche refi

摘要

Oil and gas exploration and production company CAIRN INDIA has launched into general syndication a US$651m multi-tranche financing after merging with Vedanta Resources. Axis Bank, Barclays, Citigroup, Credit Suisse, First Abu Dhabi Bank, ICICI Bank and Standard Chartered are mandated lead arrangers and bookrunners on the loan, comprising a US$155.125m three-year facility A, a US$93m five-year facility B, a US$309.875m five-year facility C and a US$93m five-year facility D.