Great Eastern Energy Corporation Limited (GEEC.L), an Indian Coal-Bed Methane company, Monday said it has singed with a consortium of Indian banks for Rupee term loan facility of approximately or INR 2,450 million or $45 million at a floating interest rate of approximately 13 percent per annum with a tenure of seven and a half years.
With the addition of this term loan facility, the total drawn facilities by the company, including the existing rupee term loan and ECB facility, is approximately $133 million, the company noted.
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