Ride hailing platform Ola said it has raised USD 500 million debt from marquee international institutional investors. The company has raised the amount via Term Loan B (TLB). Institutional investors that seek higher yields and can stay invested over longer investment horizons compared to traditional banks offer such loans. TLBs usually have a floating interest rate with tenures of 5-7 years.
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Ride hailing platform Ola said it has raised USD 500 million debt from marquee international institutional investors. The company has raised the amount via Term Loan B (TLB). Institutional investors that seek higher yields and can stay invested over longer investment horizons compared to traditional banks offer such loans. TLBs usually have a floating interest rate with tenures of 5-7 years.
Ola raises USD 500 million debt
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