The Hindu Business Line : RBI releases data on ECB and FCCB

The Reserve Bank of India has released data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB) — both automatic and approval route — for March 2006.

Reliance Communication Ventures has borrowed $500 million (maturity period of five years), which is the highest through FCCB (automatic route), for import of capital goods.

Tata Steel has also borrowed $500 million for the purpose of modernisation — with a maturity period of 9 years and 6 months, through ECB (approval route).

Kachchh Steels, Jet Airways, Bajajsons, Regent Drugs, and Century Textiles and Industries have borrowed through ECB (automatic route). Reliance Industries and Tata Steel have borrowed $151.52 million and $13.82 million respectively through ECB.

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