Indian trio look offshore as loan rules relaxed

Three Indian companies have asked international lenders to pitch for syndicated loans, as they look to become the first borrowers to take advantage of relaxed rules on offshore borrowing.

  • 29 Jan 2009

National Thermal Power Corporation, Indian Railways and Bharat Petroleum have all sent out request for proposals (RFPs) to banks, with the first two looking for around $200m and the latter for $400m.

This is the second RFP from Bharat Petroleum in three months, after receiving a poor response ...

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