Reliance Communications Limited (RCOM) today signed final documentation with China Development Bank (CDB) for a Rs. 6000 crore (US$ 1.33 Billion) loan facility. (USD = 45.15 INR)
The loan facility is fully underwritten by CDB, and will be funded by a syndicate of Chinese Banks/Financial Institutions including CDB.
This represents the first and largest ever Syndicated Loan for refinancing Spectrum Fees.
RCOM has also signed an additional Agreement for Rs. 2700 crore (US$ 600 million) with CDB, for financing imports / domestic expenditure of telecom equipment from Chinese vendors (namely, Huawei and ZTE).
The loan facility is fully underwritten by CDB, and will be funded by a syndicate of Chinese Banks/Financial Institutions including CDB.
This represents the first and largest ever Syndicated Loan for refinancing Spectrum Fees.
RCOM has also signed an additional Agreement for Rs. 2700 crore (US$ 600 million) with CDB, for financing imports / domestic expenditure of telecom equipment from Chinese vendors (namely, Huawei and ZTE).
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