Published on January 4, 2014
New Delhi : Reliance Communications announced that it has fully repaid another syndicated ECB loan of US$ 500 Million (Rs.3,100 crore approx) on the scheduled due date today.
RCOM had earlier this year made full scheduled repayment of 2 other syndicated ECB loans aggregating US$ 1 billion (Rs. 6,200 crore), and bilateral ECB loans of more than US$ 310 million (Rs.1,900 crore approx).
With these repayments, RCOM has now fully liquidated the borrowings from 23 foreign banks and financial institutions.