After a lull, suddenly the external commercial borrowing (ECB) market seems to be coming back to life.
Indian Oil Corporation is planning to raise a two-year $200 million syndicated loan. Power Finance Corporation, which had put on hold its 10 billion yen raising plan, is now set to raise 12 billion yen ($100 million). Reliance Industries is also holding roadshows in the Middle East for distributing its $112 million syndicated loan which has already been raised.
According to merchant banking sources, Bank of Baroda has bagged the mandate for IOC
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app