Indian & Foreign banks Quotes
A) L+ 38 to 55 bps p.a. for 90 to 180 days usance discounting till maturity
B) 12 M L + 45 to 60 bps for 360 day usance
C) 6 M /12 M L+70 to 95 bps with half yearly/ yearly reset for 3 years supplier credits of capital goods imports.
Letter of Credit reimbursement structure:
L+50 to 60 bps for 180 days usance from nationalized & foreign banks.
LC Limits are available on major global banks for discounting at competitive rates without recourse to supplier.
Foreign currency financing against SBLC/ADVANCE PAYMENT GUARANTEE issued by major PSU banks:
L+ 3 to 3.5% pa or fixed rate of 4 to 5% pa inclusive of all.
Offshore Bid bonds against counter guarantee by Indian banks:
40 to 50 bps
(All rates for your reference subject to credit worthiness of the borrowers and quality of project)