External Commercial Borrowings (ECB) Policy - Issuance of Rupee denominated bonds overseas

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....erseas Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to the provisions contained in A.P. (DIR Series) Circular No. 5 dated August 01, 2005 as amended from time to time on External Commercial Borrowings (ECB). 2. In order to facilitate Rupee denominated borrowing from overseas, it has been decided to put in place a framework for issuance of Rupee denominated b....

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....idelines regarding reporting requirements (including obtaining Loan Registration Number (LRN) through submission of Form 83 where type of ECB is to be specifically mentioned as borrowing through issuance of Rupee denominated bonds overseas), parking of bond proceeds, security / guarantee for the borrowings, conversion into equity, corporates under investigation, etc., not appearing in the Annex wi....

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....astructure Investment Trusts (InvITs) coming under the regulatory jurisdiction of the Securities and Exchange Board of India are also eligible. 2. Type of instrument Only plain vanilla bonds issued in a Financial Action Task Force (FATF) compliant financial centres; either placed privately or listed on exchanges as per host country regulations. 3. Recognised investors Any investo....

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....owing: • Real estate activities other than for development of integrated township / affordable housing projects; • Investing in capital market and using the proceeds for equity investment domestically; • Activities prohibited as per the foreign direct investment (FDI) guidelines; • On-lending to other entities for any of the above objectives; and....