JLR Inks Pact With Chinese Lenders For Term Loan Of $704.5 Million
They said the Chinese banks that would provide it with the three-year revolving loan include Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank
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Jaguar Land Rover | JLR
Agencies Last Updated at June 5, 2020 22:57 IST
(JLR), owned by Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of $704.5 million, marking its first debt financing in China, it said.
They said the Chinese banks that would provide it with the three-year revolving loan include Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank.
First Published: Fri, June 05 2020. 22:05 IST
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