{"id":291477,"date":"2019-09-13T06:50:58","date_gmt":"2019-09-13T06:50:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=291477"},"modified":"2019-09-13T06:56:33","modified_gmt":"2019-09-13T06:56:33","slug":"tot-highway-project-icici-bank-takes-over-%e2%82%b92000-cr-debt-financing-from-yes-bank","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tot-highway-project-icici-bank-takes-over-%e2%82%b92000-cr-debt-financing-from-yes-bank\/","title":{"rendered":"ToT highway project: ICICI Bank takes over \u20b92,000 cr debt financing from Yes Bank"},"content":{"rendered":"<p>ICICI Bank has taken a bite of the debt funding for India\u2019s first Toll-Operate and Transfer (ToT) highway project by taking over about \u20b92,000 crore from the original lender YES Bank Ltd in a move that will likely give a much-needed push and confidence among lenders to fund such deals amidst a general slackness in funding core projects.<\/p>\n<p>YES Bank had underwritten the entire debt portion of about \u20b95,000 crore last August, helping the successful bidder, Australia\u2019s Macquarie Group, to achieve financial closure for the project hours before a deadline set by the National Highways Authority of India (NHAI) ended.<\/p>\n<p>This has allowed Macquarie Group to pay upfront \u20b99,681.5 crore to NHAI for the deal which it won through an auction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICICI Bank has taken a bite of the debt funding for India\u2019s first Toll-Operate and Transfer (ToT) highway project by taking over about \u20b92,000 crore from the original lender YES Bank Ltd in a move that will likely give a much-needed push and confidence among lenders to fund such deals amidst a general slackness in funding core projects. YES Bank had underwritten the entire debt portion of about \u20b95,000 crore last August, helping the successful bidder, Australia\u2019s Macquarie Group, to achieve financial closure for the project hours before a deadline set by the National Highways Authority of India (NHAI) ended. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-291477","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=291477"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291477\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=291477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=291477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=291477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}