Mumbai, Nov 04: Export-Import Bank of India plans to raise a USD 50 million one-year loan, an official at the arranger to the loan told reporters on Wednesday. The bank is looking to raise the loan at an all-in cost of 41 basis points over the London Inter-Bank Offered Rate or LIBOR, which includes a spread over the benchmark and the participation fees, the official said.
The syndication was launched last week and is expected to be completed by early December.
ABN Amro Bank is the arranger and the book runner to the loan.
Bureau Report