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India's NTPC raises $104 mln loan from Nordic Inv

Wed Feb 27, 2008 10:55pm EST

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MUMBAI, Feb 28 (Reuters) - Indian state-run power producer NTPC Ltd (NTPC.BO) has signed a loan agreement for 68.56 million euros ($104 million) with Nordic Investment Bank to part fund its capital expenditure.

The 12-year loan carries a floating interest rate linked to EURIBOR, and is without a sovereign guarantee, the company said late on Wednesday. ($1=0.6607 Euro) (Reporting by Hiral Vora; Editing by Ranjit Gangadharan)



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