INDIAN STATE FIRM SIGNS 169.1 MLN MARK LOAN PACT
India's state-owned National Thermal
Power Corp said it has signed an agreement to borrow 169.1 mln
marks at a fixed annual 6.48 pct interest for 15 years and
eight months, an NTPC official said.
    The agreement signed last Saturday in Hong Kong with a
syndicate of eight Indian and foreign banks including State
Bank of India (London), Bankers Trust Co (Hong Kong) and
Grindlays Bank Plc (London) fixes the draw-down period at 68
months, the official said.
    Repayments are in 20 half-yearly instalments starting from
the 68th month.
 REUTER
