Abhijeet Toll Road Karnataka signed a Rs1.3 billion 14-year, six-month term loan last week through sole bookrunner and mandated lead arranger SBI Capital Markets.
The facility offers a margin of 275bp over the SBI base rate and will be repaid in 49 quarterly installments after a three-month grace period.
Final allocations saw participants State Bank of India provide Rs1.1 billion while India Infrastructure Finance Co committed Rs230 million.
Proceeds are for project financing purposes.
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