INDIAN THERMAL POWER FIRM GETS 169 MLN MARK CREDIT
India's state owned <National Thermal
Power Corp Ltd> signed a 169.1 mln mark Italian buyer's credit,
Bankers Trust Co, a joint lead manager, said.
    The 15-1/2 year facility, with a six year grace period,
carries fixed interest of 6.48 pct. It is guaranteed by the
Indian government with an interest subsidy provided by Italy's
export credit agency, Mediocredito Centrale.
    The lead managers are the State Bank of India, Grindlays
Bank Plc and MecFint (Jersey) Ltd. Managers are Dresdner (South
East Asia) Ltd, Mitsui Trust and Banking Co Ltd and the UCO
Bank. Co-manager is DB Asia Finance (HK) Ltd.
 REUTER
