UTI Bank to raise $50 m
By Our Banking Bureau | 11 Jun 2004
The coupon rate of the loan is yet to be fixed, but is expected to be at 0.40-0.50 per cent six months LIBOR (1.79 per cent).
Alongside UTI Bank and Barclays are to act as arrangers for a $400 million foreign currency loan for National Hydroelectric Power Corporation.