External commercial borrowing policy (ECB) –Issuance of Rupee denominated bond overseas.

In order to facilitate Rupee denominated borrowing from overseas, it has been decided to put in place a framework for issuance of Rupee denominated bonds overseas within the overarching ECB policy. Eligible Borrowers are corporate or body corporate as well as Real Estate investment trusts (REIT’s) and Infrastructure Investment Trusts. Its minimum maturity period is 5 years and there are no end use restrictions except negative list.

To view the entire notification, please follow the link


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s