Debt financing

Tata Power raising $320-M in sustainability-linked loans from BoA, others

Economic Times  

Tata Power is, for the first time, raising USD 320-million sustainability-linked loans from foreign lenders led by Bank of America. The company's subsidiaries will use the proceeds to refinance their existing loans. A borrower of sustainability-linked loans can generally avail money up to 25 basis points cheaper than normal loans.

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