INTEREST RATES ON FCNB LOANS TO EXPORTERS / CORPORATES

FCNB LOANS- PRICING WITH EFFECT FROM 26.02.2013
External Credit Rating Interest Rates w.e.f. 26.02.2013

AAA

Libor + 3.00%

AA+, AA, AA-

Libor + 3.00%

A+, A, A-

Libor + 3.25%

BBB+, BBB, BBB-

Libor + 4.00%

BB+ and below (Only Roll Overs)

Libor + 4.25%

i) The existing separate rates for Demand Loans and Term Loans are dispensed with and uniform rates are quoted based on External Credit Rating, subject to reset every 6 months @ 6 month's LIBOR.

ii) The FCNB Loans shall continue to be made available for a period up to 12 months only. The loan shall be rolled over at the end of 12 months subject to availability of funds for a further period of 12 months at interest rate prevailing at the time of roll-over.