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of <h1>Infrastructure Sector ECB Policy Updated: Borrowers Can Access Up to $500M Annually with New Maturity and Cost Terms.</h1> The circular announces modifications to the External Commercial Borrowings (ECB) policy. Borrowers in the infrastructure sector can now avail ECBs up to USD 500 million per financial year for Rupee expenditure under the Approval Route, with a minimum average maturity of seven years for amounts exceeding USD 100 million. The all-in-cost ceilings for ECBs with maturities over seven years have been increased to 450 basis points over 6-month LIBOR. Other ECB policy aspects remain unchanged, including the USD 500 million limit per borrower under the Automatic Route. Amendments to relevant regulations will be issued separately.
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