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May 2012

A.P. (DIR Series) Circular No. 99, dated 30-3-2012 — External Commercial Borrowings (ECB) Policy — Review of all-in-cost ceiling.

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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This Circular states that the present all-in-cost ceiling for ECB, as mentioned below, will continue up to September 30, 2012:

Sr.

Average maturity period

All-in-cost over 6 month No. 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

550 bps

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