External Commercial Borrowing

Masala bonds funding opportunity for NBFC, govt issuer, says Moody's

In September, Reserve Bank had allowed non-banking finance companies and other corporates to issue masala bonds within the broad external commercial borrowing framework to deepen capital markets and provide these issuers with a way to raise funds abroad without incurring currency risk.

Masala bonds widen funding sources sans currency risks: Fitch

As Masala bonds are denominated in rupees, foreign investors will be taking currency risk.

RBI draft proposes allowing cos to tap SWFs, pension funds for external debt

The basic objective of the ECB policy is to supplement domestic capital for creation of capital assets in the country

Air India takes ECB route to raise foreign loan worth $300 mn

The debt-laden airline would mainly utilise the proceeds for maintenance of aircraft and working capital requirements, among others.

Air India may tie up with SBI, Citibank to raise funds through ECB

The sources said that Citibank and SBI had jointly participated in Air India's invitation for offer to raise up to $300 million through the ECB window last month.

CAD is high but currency markets will not panic over it

India's record high CAD (Current Account Deficit) of 6.7 percent of GDP for the third quarter of fiscal 2012-13 is worrisome but definitely not a cause for panic for the Rupee.

Govt allows housing finance cos to raise funds through ECB route

Liberalising overseas borrowing norms, the government allowed housing financing companies to raise funds through external commercial borrowings (ECBs) route to finance low-cost housing projects.

Coming soon: Affordable housing policy for all

The policy will raise the floor space index to compensate developers for high cost of land and also ease density norms. Even gov land would be auctioned on the basis of who could build the maximum number of low cost houses.

Firms allowed to convert overseas borrowing into equity via ECB

The notification was issued after RBI received references regarding what rate of exchange should be applied to the amount in foreign currency borrowed or owed by the resident entity from/to the non-resident entity.

RBI may issue Inflation indexed bonds in a month

The Reserve Bank is expected to launch within a month the inflation-indexed bonds (IIBs), with 7-15 years maturity, which will help investors hedge their savings against inflation.