Reliance Communications Ltd., India's second-biggest mobile-phone company, will pay less interest on a $1 billion loan after its profit more than doubled to a record. It will pay about half what it pays on $500 million borrowed last year
[Banks are charging less interest because the company's profitability is improving its ability to pay debt !!
(Banks will be paid additional fees, including underwriting income, for participating in the loan).]
It pays to be profitable!
[Click here for full story at: BLOOMBERG.COM]
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