Bajaj Hindusthan signs ECB of USD 80 million

Bajaj Hindusthan Ltd has announced that the Company has signed one external commercial borrowing (ECB) agreement of USD 80 million (Japanese Yen equivalent) at Bangkok, for funding its capital expenditure and acquisitions.

The syndicated term loan facility was arranged by various international banks including ABN AMRO, BNP Paribas, DBS, Standard Chartered, Rabo Bank and Bank of Tokyo Mitsubishi. Ten banks across various geographies participated in the aforesaid syndicated facility. The loan carries an average maturity of 5 years. The coupon of loan will be LIBOR plus 65 basis points.

Source : Equity Bulls

Keywords