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Wednesday, November 4, 2009

Indian cos leading in fund-raising

Indian companies have raised a record high of $38.5 billion to fund their upcoming and current projects so far this year, making thecountry the leader in the Asia Pacific region in the syndicated loan space, global deal tracking firm Dealogic said .
"This year's syndicated loan volume has surpassed the previous high of $38.1 billion achieved in full year 2007 and accounts for 23% of Asia Pacific's," Dealogic said. India syndicated loan volume has reached total of $38.5 billion through 108 deals so far this year, up 17% from year ago level.
Syndicated loans are large financing facilities granted to a borrower by a group of financial institutions who share the lending risk between them. They combine the commercial financing relationship between a bank and its client with the features of market traded debt.

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