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Other Terms and Conditions

Other Terms and Conditions Apart from the maturity and end-use requirements given above, the f~ terms and conditions  of each f;CB proposal are required to be  reasonable and market related. The choice of sourcing the ECB currency of t1}e loan and the interest rate...

Structured Obligations

Structured Obligations In order to enable corporates to hedge exchange rate risks and raise resources domestically,  domestic rupee denominated structured   obligations are permitted to be credit enhanced by international banks international financial institutions...

Interest Rate for Projeck Financing

Interest Rate for Project  Financing At present, interest rate limits on ECBs for project financing (ie, non-recourse financing) allow  interest spreads above LABORIOUS Treasury  o be higher than for normal a ECB. Keeping market  conditions in mind; some flexibility...

ECB Entitlement for New Project 5

ECB Entitlement for New Project 5 All infrastructure and greenfield projects are permitted to avail of E~B to the extent of SO per cent  of the total project cost, as appraised by a  recognised financial institution bank subject to the fulfillment of other ECB...

End Use Requirements

End Use Requirements the ECBs can be used for any purpose except investment in (i) real estate and (ii) the capital  market. To promote disinvestment  programme of PSU shares, ECB proceeds can be used in the  first stage acquisition of shares in the disinvestment...