Date:01/06/2006 URL: http://www.thehindubusinessline.com/2006/06/01/stories/2006060102840900.htm

Back KfW extends € 54 m credit to IL&FS

Our Bureau

Mumbai, May 31

The German bilateral KfW has extended a € 54 million Line of Credit facility to IL&FS, guaranteed by the Government, with a specific mandate to finance private sector infrastructure projects. The KfW Loan is a three-tier financing package involving German Government funds for a tenor of 40 years, market funds guaranteed by German Government for a tenor of 12 years and direct market funds for a tenor of 15 years. KfW has also agreed to provide a grant component of € 7,50,000 towards project development initiatives. The formal agreement for the loan has been signed.