📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    ONGC Videsh, the overseas arm of the Oil and Natural Gas

    Corporation, has raised a foreign currency loan of _____ from a consortium of banks comprising DBS, Bank of Baroda and State Bank of India.
    A $300 million Correct Answer Incorrect Answer
    B $420 million Correct Answer Incorrect Answer
    C $500 million Correct Answer Incorrect Answer
    D $650 million Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

       ONGC Videsh, the overseas arm of the Oil and Natural Gas Corporation, has raised a foreign currency loan of $500 million from a consortium of banks comprising DBS, Bank of Baroda and State Bank of India.     The syndicated loan, denominated in dollars and with a tenure of five years, is backed by ONGC’s guarantee and benchmarked to three-month term secured overnight financing rate (SOFR).

    Practice Next
    More Beepedia Questions

    Relevant for Exams:

    ask-question