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PROCEEDS FROM BONDs, FRNs & SYNDICATED LOAN
Corporate borrowers who have raised ECB for import of capital goods and services through
Bonds/FRN/Syndicated loans are permitted to remit funds into India. The funds can be utilised for
activities as per their business judgement except investment in stock market or in real estate, for upto
one year or till the actual import of capital goods and services takes place, whichever is earlier. In case
borrowers decide to deploy the funds abroad till the approved end-use requirement arises, they can do
so as per the RBI's extant guidelines. RBI guidelines would have to be strictly adhered to. RBI would be
monitoring ECB proceeds parked outside.
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