According to foreign media cellphone reports, India faithful from China telecom has three state-owned bank won a $1.2 billion loan, it shows that companies seeking loan object of India from Europe and the United States to China.
Indian billionaire AnNiEr Ann barney (Anil Ambani) business faithful group, faithful for faithful of telecom group mobile Communications company, faith telecom (Reliance Communications) will use the money for the $1.2 billion of convertible bonds to provide financing, the bonds will expire in early march.
Industrial and commercial bank of China, the state development bank of China and the export and import bank cellphone loans to the faithful telecom. Get the loans in, high interest rates and the rupee make India business financial situation by stress, the past India seek loans object is enterprise bank of Europe and America.
"The loan agreement with other Indian companies sending a message, if you buy in large quantities China equipment, so you also may obtain the generous financing." A insiders.
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