(Bloomberg) -- India Infrastructure Finance Co., the
state-owned lender that set up a fund with Blackstone Group LP and
Citigroup Inc., plans to borrow $500 million from a group of banks
in its first overseas loan.
The New Delhi-based company has hired BNP Paribas SA, Calyon
and Standard Chartered Plc to raise the 10-year, government-
guaranteed loan, said S.S. Kohli, chairman and managing director
at India Infrastructure. It will use the funds to finance roads,
airports, power plants and other infrastructure projects in the
South Asian nation.
Read more at Bloomberg Bonds News
state-owned lender that set up a fund with Blackstone Group LP and
Citigroup Inc., plans to borrow $500 million from a group of banks
in its first overseas loan.
The New Delhi-based company has hired BNP Paribas SA, Calyon
and Standard Chartered Plc to raise the 10-year, government-
guaranteed loan, said S.S. Kohli, chairman and managing director
at India Infrastructure. It will use the funds to finance roads,
airports, power plants and other infrastructure projects in the
South Asian nation.
Read more at Bloomberg Bonds News
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