India Infradebt (Infradebt), which is the countryĆās first Infrastructure debt funds (IDFs) in the NBFC format, completed its first transaction by refinancing a road project of Zirakpur-Parwanoo section of NH-22. The stretch is built by Himalayan Expressway, which is part of Jaiprakash Group. The debt fund is sponsored by ICICI Bank along with Bank of Baroda, Citigroup and LIC
Tag: refinancing
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Essar Oil replacing rupee loans with cheaper foreign debt
Essar Oil is in the process of replacing its high-cost rupee loans equivalent to $2.27 billion with external commercial borrowings (ECBs), for which it has approval from the Reserve Bank of India (RBI). As part of this process, the company replaced the corporate debt restructuring (CDR) loan facility with a new debt facility of about Rs 9,100 crore on commercial terms from similar group of
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Ports is a more attractive sector than several others to foreign investors
Rajiv Aggarwal, CEO, Essar Ports outlines the plans for investment to Shashidhar Nanjundaiah, after a hugely successful Q1 2013 when the company's profits grew a whopping 73 per cent.