Brief: IRB InvIT Fund Received Sanction For 26.76 Bln Rupees

IRB InvIT Fund

13/06/2024 16:14

June 13 (Reuters) - IRB InvIT Fund  IRBN.NS :
    * RECEIVED SANCTION FOR 26.76 BILLION RUPEES
    * SANCTION FOR FULL REPAYMENT OF EXTERNAL DEBT OF SPV, FULL
REPAYMENT OF EXTERNAL DEBT OF TRUST, REPAYMENT OF SUB-DEBT
    * FROM AFOREMENTIONED AMOUNT, TRUST HAS CURRENTLY DRAWN
ABOUT 50%
OF SANCTIONED AMOUNT
    * TRUST SHALL DRAW BALANCE AMOUNT IN PHASED MANNER
    * ABOVE REFINANCING EXERCISE IS EXPECTED TO LOWER INTEREST
RATE
AND OPTIMIZE AMORTIZATION SCHEDULE

Further company coverage:  IRBN.NS 

 ((Reuters.Briefs@thomsonreuters.com;))