China Development Bank (CDB) agreed to lend $1 billion to Essar Energy in return for export of high-end Euro 5 grade gasoline and other petroleum products from the latter's Vadinar refinery to PetroChina. PetroChina is the listed arm of China National Petroleum (CNPC), the nation's largest oil company by production
Tag: external commercial borrowing
Post
Post
Govt , RBI took steps to boost investment
The Union Budget 2013-14 has outlined several initiatives to boost investment in infrastructure and industry, that inter-alia include encouraging Infrastructure Debt Funds, credit enhancement to infrastructure companies, raising the corpus of Rural Infrastructure Development Fund, introduction of investment allowance for new high value investments etc. Minister of State for Finance, Namo Narain Meena informed this in the Lok Sabha recently
Post
Govt may relax norms for low-cost housing, infra
To enable Indian companies access cheaper funds abroad, the Union government might further ease the norms for raising funds through the external commercial borrowing (ECB) window, particularly for low-cost housing and infrastructure sectors like telecom and ports.
Post
NHB to raise funds through ECB
In order to lend to low-cost housing projects, National Housing Bank (NHB) plans to raise $200 million through external commercial borrowing (ECB) in 2013-14. The NHB plans to seek approval from the Reserve Bank of India (RBI) for raising the amount through ECB. In 2012-13, the housing finance regulator could raise funds under ECB as the approval from RBI came in the latter
Post
Suryoday may get $11 mn capital infusion from IFC
Pune-based micro finance institution Suryoday Microfinance may get $11 million funding from the International Finance Corporation (IFC) in order to expand its operations. The private sector investment arm of the World Bank considers to infuse the capital in the microfinance firm through external commercial borrowing (ECB) route in the form of quasi-equity and senior
Post
External debt expands 8.9% between March and December 2012
A government statement showed that the country's total external debt rose $30.8 billion or 8.9 percent to $376.3 billion as of December 31, 2012 from $345.5 billion at end-March 2012. The rise in the external debt is attributed to long-term and short-term components of debt. While trade related credits increased short-term debt of the country, long-term debt rose mainly on account of NRI deposits and c
Post
India Inc’s overseas borrowing rises in January
Data from Reserve Bank of India (RBI) shows that overseas borrowing of Indian companies rose to $3.51 billion in January from $1.15 billion in the previous month. The companies raised the amount through external commercial borrowings (ECB) and foreign currency convertible bonds (FCCB). In order to fund its projects, Power Grid Corporation of In India Inc raised over $ 3.51 billion from overseas markets in January through external commercial borrowings and foreign currency convertible bonds.
I
Post
RBI allows Essar Oil to raise $2.2 bn via ECB
Reserve Bank of India (RBI) allowed Essar Oil to mop up a maximum of $2.2 billion through external commercial borrowings in order to repay partially its debt of $2.8 billion. The company is said to be in discussion with banks to raise the amount as it got the required approval. The company. however, has not finalized the amount to be raise
Post
RBI allows infra finance firms to borrow more via EBCs
Infrastructure finance companies can raise funds upto 75 per cent of their net worth through external commercial borrowing (ECB) without seeking clearance from the Reserve Bank of India (RBI). This is because the central bank liberalised the norm in or
Post
PFC to raise $250 m
Power Finance Corporation (PFC) will raise $250 million through external commercial borrowing (ECB), looking at expanding its portfolio by funding coal mining projects overseas.
- 1
- 2