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SBI concludes $100 m credit for Reliance

By Our Special Correspondent

MUMBAI JUNE 30. State Bank of India has recently concluded a syndication deal of buyer's credit facility of $100 million for Reliance Industries (RIL) for import of crude by RIL.

"The facility was priced very competitively and this large syndication deal from SBI is a pointer to the shape of things to come in the syndication market,'' stated a press release issued here today by SBI. It also stated that an exclusive desk for syndication of credit and treasury products was introduced by SBI in March and has taken off in a big way with deals worth Rs. 1,900 crores already under syndication.

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