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Bank of India Said to Sign $200 Million Facility With 13 Lenders

Bank of India (BOI), a state-owned lender, signed a $200 million three-year term loan with 13 banks, according to a person familiar with the matter.

The loan was arranged by Australia & New Zealand Banking Group Ltd., Bank of America Corp., Mizuho Corporate Bank Ltd., Natixis, Standard Chartered Plc, Royal Bank of Scotland Group Plc, and United Overseas Bank Ltd., which committed $23 million each, the person said, asking not to be identified as details are private.

First Commercial Bank Co. and Mega International Commercial Bank Co. committed $9.5 million each, while Bank of Taiwan, Bank of Kaohsiung, Hua Nan Commercial Bank Ltd. and Taiwan Cooperative Bank committed $5 million each, the person said.

The facility pays a so-called all-in rate of 150 basis points more than the London interbank offered rate, another person familiar with the matter said in August.

To contact the reporter on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

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