Sadbhav Infrastructure Project has refinanced its existing debt in Bhilwara-Rajsamanad Tollway, a wholly owned subsidiary of the company. It has completed refinancing of its existing debt facilities with new debt taken from other lenders with revised terms and conditions.
The reduction in the interest rates is to 9.20% per annum from the current level of 11.10% per annum. The extension of the repayment pattern covering the majority balance concession period (debt to be repaid before March 31, 2036).
Besides, the company will issue NCDs / bonds to infrastructure debt funds of up to Rs 235 crore (IDF) (subject to related approvals). With this average cost of debt will reduce further.
Sadbhav Infrastructure Project is one of the leading road BOT companies in India that specializes in the development, operation and maintenance of highways, roads and related projects.
