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August 2013

A. P. (DIR Series) Circular No. 11 dated July 11, 2013

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. 

 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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