Infrastructure and construction equipment financing firm, SREI BNP Paribas a 50:50 joint-venture (JV) between SREI Infrastructure Finance and BNP Paribas, France, has hiked its benchmark rate by 0.5%, from 17.25% per annum to 17.75% per annum with immediate effect.
The company’s asset liability management committee after reviewing the cost of borrowing decided to increase its benchmark rate. It had last increased its SBR in July 2012 by 25 basis points.
SREI Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village.
