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Union Bank to raise $50 mn loan from overseas market
Mumbai, Apr 02: Union Bank of India plans to raise a $50 million one-year loan from overseas markets, a market source said on Friday.
Mumbai, Apr 02: Union Bank of India plans to raise a $50 million one-year loan from overseas markets, a market source said on Friday.
HSBC is an arranger to the syndication, which is expected to be launched early next week, the source said.
Several Indian companies and banks have raised foreign currency loans in recent months, drawn by lower interest rates overseas. State Bank of India , the nation's largest commercial bank, plans to raise $250 million through a one-year foreign loan. The loan is likely to be priced at 32 basis points over the London inter-bank offered rate or Libor. Bureau Report
Several Indian companies and banks have raised foreign currency loans in recent months, drawn by lower interest rates overseas. State Bank of India , the nation's largest commercial bank, plans to raise $250 million through a one-year foreign loan. The loan is likely to be priced at 32 basis points over the London inter-bank offered rate or Libor. Bureau Report