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| Exchange Received Time 01/01/2018 09:17:06 Exchange Disseminated Time 01/01/2018 09:17:14 Time Taken 00:00:08 | Indusind Bank avails USD 500 Million Syndicated Term Loan Facility for General Banking purposes.
IndusInd Bank has concluded a USD 500 Million Syndicated Term Loan Facility from a group of overseas lenders. The tenor of the facility is 3 years and will be used for general banking purposes.
This fund-raising, along with the funds raised during this financial year from multilateral institutions, viz., ADB and OPIC, will help the Bank in expanding its lending to clients.
The above is being disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in compliance with the Regulation 46, this information is being hosted on the Bank's website at www.indusind.com
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