Reliance Communications (RCOM) has completed full repayment of two syndicated ECB loan facilities of $500 million each, aggregating $1 billion, during the quarter ended 30th June 2013. These loans were availed in the year 2007 from a group of international banks.
The company additionally has made scheduled repayments of another $207 million amounting Rs 1,200 crore in respect of other foreign currency loans, on the respective due dates during the quarter ended June 30, 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 dollar denominated earnings from the Reliance Globalcom business.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1846.55 |
| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
| View more.. | |
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