亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

 

China banks loan $1.2b to Indian telecom

By He Shan
0 Comment(s)Print E-mail China.org.cn, January 20, 2012
Adjust font size:

Three Chinese commercial banks has agreed to lend US$1.2 billion to Indian telecom carrier Reliance Communications. [File photo]

Three Chinese commercial banks has agreed to lend US$1.2 billion to Indian telecom carrier Reliance Communications. [File photo]

China's three largest commercial banks, the Industrial and Commercial Bank of China, China Investment Bank and the Export-Import Bank of China, secured US$1.2 billion in loans to Reliance Communications, India's second-largest mobile carrier.

Reliance will use the loan to pay off its convertible debt due on March 1.

This was the second time that the Indian telecom giant obtained loans from Chinese financial institutions. Reliance Communications borrowed US$1.93 billion from China Development Bank to refinance a short-term debt in December 2010, according to a Financial Times report.

Higher interest rates and a weaker rupee have imposed a heavy burden on Reliance's companies, leaving them scrambling for financing channels.

Yet, analysts say the loans constitute considerable risk for the Chinese lenders during a time most institutions are tending to be risk-averse.

Reliance has established a close rapport with Chinese companies. As early as October 2010, it purchased up to US$10 billion worth of electrical equipment from Shanghai Electric Group. The deal was financed by Chinese banks.

The low interest rate granted to Reliance by the Chinese lenders—five percent—has been widely watched by the financial community. The rate is well under China's current domestic long-term loan rate and Indian lenders' 12 percent benchmark rate.

China's business press carried the story above on Thursday.

Contact the writer of this story at: hes@china.org.cn.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码