Novelis has mandated a 20-strong bank group to arrange a $2.28 billion dual-tranche loan to finance the Aleris acquisition.
This could set a precedent for Indian firms in similar situations seeking agreement from creditors to alter original agreements.
China Offshore Syndicated Loan Issuers Expected to Pay Higher Costs
Indian companies are off to the busiest start to a year ever for dollar bond sales.
Non-banking financing companies were at risk of seizing up after landmark defaults last year by IL&FS Group.
Two of India’s largest public sector companies have been among the first in Asia to turn to the dollar note market this year.
India’s companies are growing more dependent on banks to raise offshore funds going into 2019.
S&P Global Ratings cut Tata Motors’s long-term rating deeper into junk, the second downgrade in five months.
India’s massive pile of bad business debt has kept asset-reconstruction companies busy in recent years.
Company agreed to two- and three-year bilateral loans with 10 to 12 lenders, according to people with knowledge of the matter
Indian firms, both hedged and unhedged, face $28 billion of non-rupee bonds and loans coming due in 2019.
Company failed to service $4.6 million of debt obligations.
Indian authorities have spent the week containing the collateral damage from IL&FS
Small Industries Development Bank of India has filed an insolvency plea against IL&FS
Company hasn’t paid obligations of more than Rs 490 crore.
Shadow Banker in India Rushes to Sell Assets as Defaults Pile Up
Indian companies are raising the most yen-denominated loans in more than a decade.
RBI’s 180-day deadline to restructure an estimated Rs 3.6 trillion of stressed loans may push more companies into bankruptcy.
Lenders work to resolve loans under central bank’s new rules.
83 percent of bondholders approve plan to ease the carrier’s debt burden.
Indian firms have enjoyed the cheapest foreign-currency loan costs in more than a decade, but as banks become more selective.