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BRIEF-India cenbank says Exim Bank line of credit of $750 mln to government of Nepal
March 9, 2017 / 12:11 PM / 7 months ago

BRIEF-India cenbank says Exim Bank line of credit of $750 mln to government of Nepal

March 9 (Reuters) - Reserve Bank of India:

* Exim bank’s government of India supported line of credit of usd 750 million to the government of nepal

* Line of credit for financing the post-earthquake reconstruction projects in nepa

* Credit agreement under the loc is effective from february 24, 2017

* Out of total credit, goods & services of value of at least 75% of contract price to be supplied by seller from india

* Under the loc, the terminal utilization period is 60 months after the scheduled completion date of the project Source text: (bit.ly/2m64NzV)

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