The funds which Tata Communications aims to raise under the framework - around $1 billion - would be used for refinancing existing loans as well as structuring fresh loans, the people said. Adherence to the SSL targets typically brings a pricing benefit, in the form of a lower rate of interest. Missing the targets results in a higher interest.
Bank of America advises Tata Communications on a $1 billion fund framework incorporating ESG standards. The funds will refinance existing loans, structure fresh loans, and offer pricing benefits tied to environmental, social, and governance targets.
Tata Communications is ramping up AI compute spending and advancing its deal with Nvidia to build an AI supercomputer. The company s CEO discusses investments, AI services for startups, and the profitability outlook.
Tata Communications is ramping up AI compute spending and advancing its deal with Nvidia to build an AI supercomputer. The company s CEO discusses investments, AI services for startups, and the profitability outlook.