L+ 45 to 55 bps p.a for 90 to 180 days usance discounting till maturity
12 M L + 70 bps for 360 day usance
12 M L+120 bps with yearly reset for 3 years supplier credits
Letter of Credit reimbursement structure
L+60 to 70 bps for 180 days usance from nationalized & foreign banks.
Shipbreaking/Vessel imports suppliers credit/LC Discounting
L+ 50/60 bps levels for 90 to 360 days Usance from offshore Indian banks.
LC Limits are available on all major banks, discounting without recourse to supplier.
External Commercial Borrowings (ECB’s)
All in cost of L+2.5 to 4% p.a depending on the creditworthiness of the borrower and quality of the project
Foreign currency financing against SBLC/ADVANCE PAYMENT GUARANTEE issued by major PSU banks
L+3 to 5% p.a
Offshore Bid bonds against counter guarantee by Indian banks
40 to 50 bps
(All rates subject to credit worthiness of the borrowers and quality of project)