Mumbai:
UTI
Bank is to raise $50 million through a 1-year syndicated
foreign currency loan shortly.
Recently State Bank of India and Bank of India had raised
foreign currency loans.
The
coupon rate of the loan is yet to be fixed, but is expected
to be at 0.40-0.50 per cent six months LIBOR (1.79 per
cent).
Alongside
UTI Bank and Barclays are to act as arrangers for a
$400 million foreign currency loan for National Hydroelectric
Power Corporation.
Mumbai:
UTI
Bank is to raise $50 million through a 1-year syndicated
foreign currency loan shortly.
Recently State Bank of India and Bank of India had raised
foreign currency loans.