NTPC RAKES IN $117 M OUT OF SYNDICATED TERM LOAN
Article Abstract:
The State Bank of India (SBI) has, by March 12,1999, received firm commitments for $117 million out of the $120 million syndicated term loan to be raised for the National Thermal Power Corporation (NTPC). The SBI is the sole underwriters for the NTPC loan. The loan agreement will be signed on March 15 and allotments made on March 19,1999. The SBI sources said the issue has received firm commitments for $52 million, $25 million is being cleared by credit committees of foreign banks and another $20 million is under consideration of Indian banks. The SBI will contribute $20 million. The fixed annual cost of the loan would work out to about 7.78 percent. (ranga)
Comment:
The State Bank of India (SBI) has, by March 12,1999, received firm commitments for $117 million out of the $120 million syndicated term loan to be raised for the National Thermal Power Corporation (NTPC).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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JVSL PLANT HIT BY DELAY IN LOAN DISBURSEMENT
Article Abstract:
A delay in disbursing sanctioned loan amounts by financial institutions (FIs) has led to a further delay in the commissioning of the 1.6 million tonnes hot rolled coils project of Jindal Vijaynagar Steel Ltd in Karnataka. The second phase of the Rs4800 crore project was to have begun operations in mid-1999 but it is still waiting for FI loans of Rs490 crore. Work on the project is progressing at a very slow pace as there is no cash flow. (khr)
Comment:
A delay in disbursing sanctioned loan amounts by financial institutions (FIs) has led to a further delay in the commissioning of the 1.6 million tonnes hot rolled coils project of Jindal Vijaynagar Steel Ltd in Karnataka.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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