JLR Inks Pact With Chinese Lenders For Term Loan Of $704.5 Million

Business Standard

They said the Chinese banks that would provide it with the three-year revolving loan include Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank

Topics

Jaguar Land Rover | JLR

Agencies 

Insolvency, bankruptcy, IBC, companies, firms, shareholders, promoters, owners, investors, npa, bad loans

(JLR), owned by Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of $704.5 million, marking its first debt financing in China, it said.

They said the Chinese banks that would provide it with the three-year revolving loan include Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank.

First Published: Fri, June 05 2020. 22:05 IST

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