Disclaimer: The information herein having been culled from various sources other than from the Ministry of Finance, accuracy of information is not guaranteed. Information herein is profferred without any liabilities. Use hereof is solely at the discretion of the visitor.
External Commercial Borrowings (ECB) are defined to include
commercial bank loans,
securitised instruments such as floating rate notes, fixed rate bonds etc.,
credit from official export credit agencies,
commercial borrowings from the private sector window of multilateral financial institutions such as IFC, ADB, AFIC, CDC etc. and
Investment by Foreign Institutional Investors (FIIs) in dedicated debt funds
Applicants will be free to raise ECB from any internationally recognised
source like banks, export credit agencies, suppliers of equipment,
foreign collaborations, foreign equity - holders, international capital
markets etc. Offers from unrecognised sources will not be entertained.
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