Financial Daily from THE HINDU group of publications
Wednesday, May 28, 2003
Financial Daily from THE HINDU group of publications Wednesday, May 28, 2003 |
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Money & Banking
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Housing Finance LIC Housing Fin raises $50 m Our Bureau
MUMBAI: LIC Housing Finance Ltd has raised external commercial borrowings of $50 million or about Rs 234.5 crore for disbursement of housing loans at 69 basis points above London Inter Bank Offered Rate (LIBOR). LIBOR for six months was at 1.21 per cent on Tuesday.The housing finance company plans to raise another Rs 2,000-2,500 crore in this financial year for increased business requirements, said a press release from LIC Housing Finance.
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