This resulted in an increase of the facility from $75 million to $120 million which worked out to an oversubscription of 60 per cent.
The loan was raised with the help of thirteen participants from ten countries. It has a seven-year maturity with a put and call option at the end of five years.
The loan has been procured at a margin of 0.62 per cent per annum over Libor. ICICI has already utilised $170 million from the $400 million ECB approval for the present fiscal year.
The company has also recorded an increase of 32 per cent inwith respect to its total disbursements for this fiscal over the corresponding figure obtaining last year.
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