HYTPL, which is wholly owned subsidiary of Sadbhav Infrastructure Project Ltd, completes refinancing of its existing debt with new debt.

Sadbhav Infrastructure has said in a regulatory filing that “HYTPL, wholly-owned subsidiary of the company, has completed refinancing of its existing rupee debt facilities with new debt taken from other lenders with revised terms and conditions.”

It has said that besides refinancing of existing ECB facilities, the new debt facilities will be resulting in reduction in the interest rates from the current level, extension of the repayment pattern and cover the majority balance concession period and issuance of non convertible debentures.

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