ONGC Videsh has drawn the facility and used the funds to repay $500 million in bonds that matured last week. The company had raised $800 million in bonds to meet its financing needs for the ACG project in Azerbaijan in 2013. Bonds worth $300 million with a tenure of five years matured in 2018 while the balance of $500 million with a tenure of 10 years has matured now.
How to calculate net interest margin?
NIM measures a bank’s profitability from interest activities. It’s influenced by interest rates, loan quality, and asset mix, and can be improved by optimizing lending
June 1, 2025