Jayaswal Neco Industries has completed an Rs18 billion 10-year term loan through sole bookrunner and mandated lead arranger ICICI Bank.
Final allocations saw the lead provide Rs4.6 billion while participant Punjab National Bank lent Rs4.5 billion. Union Bank of India and Oriental Bank of Commerce pledged Rs3 billion and Rs1.5 billion respectively. Bank of India, State Bank of Bikaner Jaipur and State Bank of Travancore lent Rs1 billion each while Indian Overseas Bank and State Bank of Hyderabad took Rs750 million each.
Proceeds are for project financing purposes.
An Rs88.9 billion 15-year term loan for Lalitpur Power Generation was signed...