The tenor of the loan is likely to be five years. It may be priced 110-120 basis points above the Secured Overnight Financing Rate (SOFR), the benchmark that replaced Libor. The deal is expected to be sealed in the next few weeks.
India set to gain from shift in global asset allocation: Samir Arora
China is very good. As an investment, it is very good. We used to have 4-5% in China when we had 75% in US. Now