ECB borrowers in manufacturing sector to raise ECB up to USD 50 million with maturity period of 1 year.

• The Reserve Bank haseased norms for companies in manufacturing sector to raise overseas funds.
• As per the new guidelines, ECB borrowers who are into manufacturing sector to raise ECB up to USD 50 million or its equivalent with minimum average maturity period of 1 year. Earlier it was for 3 years.

Points to remember:

1. The amount and maturity- USD 50 mn and 1 year