Srei Infrastructure Finance has signed a $25 million (Rs 115 crore) long-term loan agreement with KfW IPEX-Bank, the Frankfurt am Main headquartered DFI, counted among the 10 largest banks in Germany. It specialises in financing of corporate and infrastructure investments in Germany, and abroad by both German and other European companies.
KfW IPEX-Bank, since 1998, has already funded to the tune of $5.5 billion on various private sector projects in India, half of which were by way of commercial loans. The bank, owned 80 per cent by the Federal government, and 20 per cent by the German Federal States, is a member of the KfW Bankengruppe, and as of January 1, 2008, will be separated into a subsidiary.
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| Posted : 7/12/2006 |
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