RCOM makes repayment of syndicated ECB loan of $500 mn

Reliance  Communications (RCOM) announced  that it has fully repaid another syndicated ECB loan of $ 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 $ 1 billion (Rs 6,200 crore), and bilateral ECB loans of more than $ 310 million (Rs 1,900 crore). So, in toto, RCOM has paid loans worth Rs 11,200 crores.

With these repayments, RCOM has now fully liquidated the borrowings from 23 foreign banks and financial institutions.

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