MUMBAI, June 11: The Industrial Credit and Investment Corporation of India Ltd (ICICI) has successfully completed a $ 50 million syndicated loan facility. The facility will be utilized for pre-paying an existing high-cost loan availed by the erstwhile SCICI Ltd in March 1996.

The refinancing facility has a maturity of six years which is comparable with the remaining maturity of the exiting high-cost loan and has a margin of 0.575 per cent.

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