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KfW, Germany extends loan to IL&FS

CHENNAI: KfW of Germany has extended a Euro 54 million line of credit facility to IL&FS with a specific mandate to finance private sector infrastructure projects. The KfW loan is a three tier financing package — German Government funds for a tenor of 40 years, market funds guaranteed by the German Government for a tenor of 12 years and direct market funds for a tenor of 15 years, according to a release from IL&FS.

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