Indian operator Tata Communications is to raise a US$500m five-year dollar loan, according to sources cited by Dow Jones.
The newswire report writes that the money raised would be used to repay existing debt and to cover capex.
Sources at the company…
Indian operator Tata Communications is to raise a US$500m five-year dollar loan, according to sources cited by Dow Jones.
The newswire report writes that the money raised would be used to repay existing debt and to cover capex.
Sources at the company claimed that the loan would pay a spread of around 300 basis points over Libor.