INDIAN OIL/GAS COMMISSION GETS 26.5 MLN DLR CREDIT
The <Oil and Natural Gas Commission>
of India has signed for a 26.5 mln U.S. Dlr Italian buyers'
credit, co-lead manager Bankers Trust Co said.
    It said the 12-year facility, guaranteed by the Indian
government, carries interest at a fixed rate of 7.40 pct.
Repayment starts in 1989 and is in 20 semi-annual instalments.
    Italy's export credit agency Mediocredito Centrale provides
an undisclosed interest subsidy to the lenders.
    The other lead managers are State Bank of India and
Grindlays Bank Plc. Managers are Irving Trust Co, Toyo Trust
and Banking Co Ltd and Standard Chartered Bank.
 REUTER
