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January 2013

A. P. (DIR Series) Circular No. 60 dated 14th December, 2012

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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External Commercial Borrowings (ECB) Policy – Review of all-in-cost ceiling

This circular states that the present all-in-cost ceiling for ECB, as mentioned below, will continue till 31st March, 2013: –

Sr.

No.

Average
Maturity Period

All-in-cost
over 6 month LIBOR for the respective currency of borrowing or
applicable benchmark

1

Three
years and up to five years

350
bps

2

More
than five years

500
bps

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