Dalmia Bharat Sugar Secures $87.5 Million CRDB Loan Backed By SBLC

EATL signed $87.5 million 10-year floating-rate term loan with CRDB Bank for $132 million Tanzania sugar and 20MW cogeneration project. DBSIL will provide standby letter of credit covering 51% of principal, varying yearly with outstanding. Context: advances funding for pre-revenue overseas expansion.