Law firm Stephenson Harwood LLP has advised Mashreq and a syndicate of 11 lenders on a US$750 million loan to State Bank of India (SBI).
The facility will be used by SBI for general corporate funding purposes. Mashreq was the sole global coordinator for the offering, with participation from 11 other financial institutions.
The senior unsecured Syndicated Term Loan Facility was initially launched for US$350 million in May 2024. Due to strong global demand, the facility was oversubscribed 2.2 times, resulting in an upsized deal.
The team was led by Singapore-based banking and finance partner Dr Gregory Xu, who was supported by paralegal Dan Tan.
