India's Bajaj Hindusthan signs $80 million equivalent borrowing agreement

By Jennifer Chiou

New York, Dec. 12 - Bajaj Hindusthan Ltd. informed the Bombay Stock Exchange that it signed an external commercial borrowing agreement of $80 million Japanese yen equivalent to fund its capital expenditures and acquisitions.

The loan carries an average maturity of five years and a coupon of Libor plus 65 basis points.

The syndicated term loan facility was arranged by ABN Amro, BNP Paribas, DBS, Standard Chartered, Rabo Bank, Bank of Tokyo Mitsubishi and others.

Bajaj Hindusthan is a Mumbai, India, sugar company.

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