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Indian State Lenders Said to Seek $2 Billion in Overseas Loans
Key Points
Indian State Lenders Said to Seek $2 Billion in Overseas Loans Some Indian state-run financial institutions are planning to raise overseas loans of as much as $2 billion using a central bank facility for borrowing at concessional rates, according to people familiar with the matter. Small Industries Development Bank of India is in talks with the International Finance Corp. to raise as much as $1 billion in five-year and seven-year tenors, the people said, asking not to be identified because...
Indian State Lenders Said to Seek $2 Billion in Overseas Loans
Some Indian state-run financial institutions are planning to raise overseas loans of as much as $2 billion using a central bank facility for borrowing at concessional rates, according to people familiar with the matter.
Small Industries Development Bank of India is in talks with the International Finance Corp. to raise as much as $1 billion in five-year and seven-year tenors, the people said, asking not to be identified because information is private.