NEW DELHI, June 22 (Reuters) - India's largest listed real estate developer, DLF Ltd, is close to raising $300 million in foreign loan to fund its integrated township projects, the Economic Times said, citing an unnamed company official.
The newspaper said DLF was expected to raise the funds from Standard Chartered Bank at an interest rate of around 7 percent, significantly lower than its current average borrowing cost of 12.5 percent.
A DLF spokesman declined comment.
(Reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan)
((devidutta.tripathy@thomsonreuters.com; +91 11 4178 1009; Reuters Messaging: devidutta.tripathy.reuters.com@reuters.net)) Keywords: DLF/LOAN (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The newspaper said DLF was expected to raise the funds from Standard Chartered Bank at an interest rate of around 7 percent, significantly lower than its current average borrowing cost of 12.5 percent.
A DLF spokesman declined comment.
(Reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan)
((devidutta.tripathy@thomsonreuters.com; +91 11 4178 1009; Reuters Messaging: devidutta.tripathy.reuters.com@reuters.net)) Keywords: DLF/LOAN (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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