Adani group closes in on $3.5 billion loan

The Adani group's $3.5 billion loan deal, anticipated to rank among the top 10 largest loans in Asia for the year, is reportedly on the verge of completion. The loan is expected to have an all-in-cost ranging between 450 to 500 basis points over the benchmark secured overnight finance rate. This agreement will encompass three distinct tenors: 6-month, 18-month, and 3-year. The deal could be finalised this week and comes after months of negotiations with banks.

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