External Commercial Borrowings (ECB) –End-use and All-in-cost ceilings - Revised

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..... nd-use and All-in-cost ceilings - Revised Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to the A. P. (DIR Series) Circular No.5 dated August 1, 2005 on External Commercial Borrowings (ECB). A review of the ECB guidelines has been undertaken keeping in view the current macroeconomic situation and the experience gained so far by the Reserve Bank in administering .....

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..... over 6 Months LIBOR* Existing Revised Three years and up to five years 200 basis points 150 basis points More than five years 350 basis points 250 basis points * for the respective currency of borrowing or applicable benchmark. 3. The above changes will apply to ECB both under the automatic route as well as appro .....

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