Project & Infrastructure Financing

Driving strengths from its institutional relationships and the position in this segment, SPA Merchant Bankers Limited has been acting as arranger for syndication of rupee as well as foreign currency loans for various corporates in the public and private sectors.

Successful execution of mandates for arranging corporate finance has helped the Company to earn confidence from its clients and generated further referrals. The Company has the pleasure to be associated with some of the leading corporates of Indian business world and has executed mandates for syndication of long tenure term loans aggregating over INR 100 Bln.

Some of the big ticket syndication mandates include financial closure (debt portion) for:

  • INR 54 BLn Gas Cracker Petrochemical Complex at Assam for Brahmaputra Cracker & Polymers ltd (BCPL) a joint venture company of GAIL,OIL NRL & Govt. of Assam,
  • INR 21 Bln 520 MW Omkareshwar HEP in Madhya Pradesh by NHDC,
  • INR 43 Bln CAPEX funding for various ongoing power generation, transmission & distribution projects in State of Tamil Nadu for TNEB,
  • INR 20 Bln CAPEX funding for Transmission & Distribution projects in State of Punjab for PSEB,
  • and various other Government and Private corporate houses.

Bloomberg : India Domestic Syndicate Loans ranking 2011
Underwriter League Tables

India Loans Mendated Arranger (INR)
1/1/11 - 6/30/11 2011 2010 MKT SHARE CHG(%)
FIRM RANK MKT SHARE VOLUME INR(bln) DEAL COUNT RANK MKT SHARE
State Bank of India 1 56.3 721 34 1 46.1 10.2
Axis Bank Ltd 2 20.3 261 14 3 18.0 2.3
IDBI Bank Ltd 3 9.9 127 7 2 21.7 (11.8)
IDFC Capital Ltd. 4 3.8 49 4 5 4.0 (0.2)
ICICI 5 2.7 34 2 4 9.1 (6.4)
Kotak Mahindra Bank Ltd. 6 1.7 22 2 - - -
Citi 7 1.5 20 1 - - -
RBS 7 1.5 20 1 - - -
Yes Bank 9 1.4 18 3 8 0.2 1.2
Bank of India 10 0.6 8 3 9 0.2 0.4
ING Groep NV 11 0.1 2 2 10 0.1 -
SPA Merchant Bankers Ltd. 12 0.0 1 1 12 0.1 (0.1)
TOTAL   100% 1,281 66 1437 100%