Lenders look to sell JBF Petrochem’s forex debt
A consortium of lenders led by IDBI Bank has invited bids by the end of this month to sell the foreign currency debt of JBF Petrochemicals worth $463.38 million (Rs 3,455.43 crore). The outstanding debt of JBF Petrochemicals includes $307.30 million in external commercial borrowing (ECB) and $156.08 million of foreign currency term loans (FCTL).
