GMR Kishangarh Udaipur Ahmedabad Expressways concluded a Rs54 billion 14-year, 10-month term loan last week May 24 through sole bookrunner and mandated lead arranger IDBI Bank.
The facility will be repaid in 45 quarterly instalments after a 10-month grace period.
Final allocations saw the lead provide Rs46 billion while lenders Central Bank of India and India infrastructure Finance took Rs4 billion each.
Proceeds are for the expansion of a 555.5km toll road.
Astra Sedaya Finance successfully obtained a $250 million three-year term loan on Wednesday May 30 through...