Equipment Update

Srei BNP Paribas inks $ 50 mn loan deal with DBS

July 2010

Srei BNP Paribas, an infrastructure and construction equipment financier has signed a $50 mn loan agreement with DBS Bank Ltd., Singapore. The loan will be utilised to finance purchases of infrastructure equipment for on-lending, leasing and hire purchase purposes in view of projected business growth in the near future.

Srei BNP Paribas is an equal joint venture between Srei Infrastructure Finance Ltd and BNP Paribas Lease Group. It finances infrastructure and construction equipment such as excavators, compactors, dozers, cranes, heavy dumpers, compressors, surface miners, motor graders, backhoe loaders, tool carriers, road building equipment, mechanical and sensor pavers.

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