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Can ECB be raised under Track III for general corporate purpose (including working capital)? What will be its minimum average maturity period?
Can ECB be raised under Track III for general corporate purpose (including working capital)? What will be its minimum average maturity period?
Anjana
Answered on February 14,2020
Answered on February 14,2020
Yes, ECB can be raised under Track III (i.e. INR denominated ECB) for general corporate purpose (including working capital). The minimum average maturity period will be 3 years for ECB up to $ 50 million or equivalent and 5 years for ECB beyond $ 50 million or equivalent.
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