The lead, in one line
Same borrower.
Same security.
Four hundred basis points apart.
Both facilities are open. Both sit pari passu on the same current assets. One of them is mispriced, and the borrower’s own filings prove it.
Its cheapest loan
7.75%
HDFC Bank · ₹19.5 Cr
Its most expensive loan
11.75%
Yes Bank · ₹24.5 Cr
400 bpsof daylight, inside one balance sheet
Refinancing leads, scored from filed charge and financial data.