In case of an ECB raised from foreign equity holder and utilized for general corporate purpose/working capital/repayment of Rupee loans, can repayment of principal of ECB start before the completion of 5 years?
External Commercial Borrowings (ECB) and Trade Credits - As on Jun 26, 2023
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ECB repayment timing can commence before completion of the prescribed maturity if minimum average maturity requirement is met. Principal repayment of an External Commercial Borrowing raised from a foreign equity holder for general corporate purpose, working capital or repayment of ... Summary
ECB repayment timing can commence before completion of the prescribed maturity if minimum average maturity requirement is met.
Principal repayment of an External Commercial Borrowing raised from a foreign equity holder for general corporate purpose, working capital or repayment of Rupee loans may commence before completion of five years provided the ECB satisfies a minimum average maturity requirement of five years; early instalments are permissible so long as the instrument's overall average maturity meets the mandated threshold.
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