Indian state-owned lender Power Finance Corp has picked three banks to manage a yen-denominated loan worth the equivalent of $260m. The company wants to launch the deal into syndication early this week.

PFC has mandated Bank of Tokyo-Mitsubishi, Mizuho and SMBC to lead the $260m deal, the same three banks that it picked for a $240m yen-denominated deal in October last year…

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