`TAKE-OUT' FINANCING TO HELP CORE PROJECTS
Article Abstract:
The State Bank of India (SBI) and the Infrastructure Development Finance Corporation (IDFC) have jointly launched the take-out financing concept in India. The concept allows the Indian banks which prefer low tenure projects to fund a 15-year project with 5-year loans. The new concept will allow infrastructure projects having a life of 15 years to raise rupee funds at an interest lower than 15 percent. The moratorium on debt repayments will be 7-8 years. The Narmada road project and the Coimbatore bypass project, which require funds for 12-15 years, have secured their funds under this concept. (ag)
Comment:
Launches together with State Bank of India the take-out financing concept in India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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IDFC CLEARS Rs 600-CR CORE SECTOR PROJECTS
Article Abstract:
Three infrastructure projects have secured funds worth Rs600 crore from the Infrastructure Development Finance Company Ltd (IDFC). The projects that have received the sanctions are Tata Electric's power project, the Kerala Power project of BSES and the telecom project of BPL. Till now, IDFC has sanctioned nine projects worth Rs938 crore. It plans to offer Rs1000 crore and Rs500 crore as non-funded during 1998. IDFC plans to offer a major part of the funds to the power and the telecommunications projects. (ag)
Comment:
Three infrastructure projects have secured funds worth Rs600 crore from the company
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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