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LENDING & CREDIT | Cesar Tordesillas, India
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India's ICICI gets $300M loan deal with Japanese banks

JBIC will provide $180 million, while SMBC and Bank of Tokyo-Mitsubishi UFJ are funding $120 million to ICICI Bank.

 

This was announced by the Japan Bank for International Cooperation.

The commercial portion is guaranteed by the JBIC. 

JBIC and SMBC were the arrangers to the deal.

The funds will be used to support renewable energy and energy efficiency projects in India.

Earlier in March 2011, the borrower already got a 15.3 billion yen loan and another $200 million loan from Japan.

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