The proposed four-year facility is expected to price 110–115 basis points over SOFR, includes five named international lenders and can be increased if syndication demand proves strong.
India’s state-backed minerals company holds exploration and exclusivity rights over five lithium-brine blocks covering 15,703 hectares in Catamarca, but drilling must still establish whether a commercially viable resource exists.
India's SBI Funds Management drew bids worth 3 trillion rupees ($31.14 billion) for its $1.03 billion IPO, making it the country's fourth-most-subscribed issue. The offering, priced at 574 rupees per share, saw strong demand from institutional investors including BlackRock and sovereign wealth funds from Singapore, Abu Dhabi and Norway.
