RCOM completes full repayment of two Syndicated ECB Loan facilities aggregating US$ 1 Billion:
Reliance Communications today announced it has completed full repayment of two Syndicated ECB loan facilities of US$ 500 Million each, aggregating US$ 1 billion, during the quarter ended 30th June 2013. These loans were availed in the year 2007 from a group of international banks.
RCOM makes scheduled repayments of another US$ 207 million against other foreign currency loans :
In addition, RCOM has made scheduled repayments of another US$ 207 million (Rs. 1,200 crore) in respect of other foreign currency loans, on the respective due dates during the quarter ended 30th June, 2013. The repayments have been from RCOM’s rupee resources.
RCOM’s foreign currency debt is steadily declining every year, and the interest outgo on such debt is fully covered by US$ denominated earnings from the Reliance Globalcom business.
Reliance Communications today announced it has completed full repayment of two Syndicated ECB loan facilities of US$ 500 Million each, aggregating US$ 1 billion, during the quarter ended 30th June 2013. These loans were availed in the year 2007 from a group of international banks.
RCOM makes scheduled repayments of another US$ 207 million against other foreign currency loans :
In addition, RCOM has made scheduled repayments of another US$ 207 million (Rs. 1,200 crore) in respect of other foreign currency loans, on the respective due dates during the quarter ended 30th June, 2013. The repayments have been from RCOM’s rupee resources.
RCOM’s foreign currency debt is steadily declining every year, and the interest outgo on such debt is fully covered by US$ denominated earnings from the Reliance Globalcom business.
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