Foreign Currency Term Financing Facility Archives

Govt. calls for proposals for new Foreign Currency Term Financing Facility Source:FT Quantum unspecified but tenor could be 1 year or more; bids to be submitted by 22 Sep. Financing proposals sought from banks, institutional investors, investment houses Funds to meet expenditure approved in Annual Budget In mid-2020 Finance Ministry specified FCTF $ 500 m and 5 responded with proposals The Government has called for offers for an unspecified value of Foreign Currency Term Financing Facility (FCTF) denominated in US Dollars, Euro, Chinese Renminbi and Japanese Yen. The FCTF is expected to be raised at a fixed rate or a floating rate with a maturity period of one year or more. The proceeds of the FCTF will be used for the purposes of financing the expenditure as approved in the Annual Budget, according to the Ministry of Finance. ...