On a review of the conditions in the global financial markets, it has been decided to continue with the enhanced all-in-cost ceiling for ECB and trade credit for a further period of six months as under:
(i) All-in-cost for ECB
Average Maturity Period |
All-in-cost over 6 month LIBOR*
|
Three years and up to five years |
350 bps |
More than five years |
500 bps |
* for the respective currency of borrowing or applicable benchmark |
(ii) All-in-cost for Trade Credit
Maturity Period |
All-in-cost over 6 month LIBOR* |
Up to one year |
350 bps |
More than one year and up to three years |
The all-in-cost ceiling is applicable up to September 30, 2012, subject to review thereafter. Instructions have been issued vide A.P. (DIR Series) Circular Nos. 99 and 100 dated March 30, 2012.
Ajit Prasad
Assistant General Manager
Press Release : 2011-2012/1571
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