Bajaj Hindusthan to raise $80 mln in Bangok

New Delhi, Dec 12 (UNI) Sugar and ethanol manufacturer Bajaj Hindusthan Ltd today said it has signed an external commercial borrowing (ECB) agreement worth 80 million dollars in Bangkok, for funding its capital expenditure and acquisitions.

The syndicated term-loan facility was arranged by various international banks including ABN AMRO, BNP Paribas, DBS, Standard Chartered, Rabo Bank and Bank of Tokyo Mitsubishi, a statement said.

Ten banks across various geographies participated in the syndicated facility which carries an average maturity of five years.

The coupon of loan will be LIBOR plus 65 basis points.

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