BASIS POINT-Two club US$40m SBI Osaka loan
HONG KONG, Nov 23 (Basis Point) - Bank of Taiwan Tokyo and Chinatrust Commercial Bank Tokyo have clubbed a US$40m one-year term loan for the Osaka branch of State Bank of India, according to sources.
BOT has provided US$30m and Chinatrust has committed US$10m, sources said. Sources said the margin is at around 140-150bp over three-month Libor. (Reporting by Sandra Tsui; Editing by Gavin Stafford)
- Tweet this
- Share this
- Digg this
India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth largest coal reserves, a source familiar with the matter said. Full Article