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November 2012

A. P. (DIR Series) Circular No. 40 dated 9th October, 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 below mentioned all-incost ceiling for ECB will continue till further notice: –

 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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A. P. (DIR Series) Circular No. 41 dated October 10, 2012