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ONGC Videsh raises $420 million from DBS and BoB banks

By Economic Times - 10 months ago
Both the banks are meeting prospective lenders in a bid to distribute the loan to a wider network of banks across Asia, people familiar with the transaction said. "This is a five-year loan raised at about 125 basis points above the corresponding benchmark secured overnight financing rate (SOFR) and is likely to be syndicated to other lenders in the region by next month," one of them said.

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