Wednesday, October 22, 2008

I Got There First!

Thenewgegrotius on October 13, 2008 had advocated that the ECB Norms be eased; well, the revised and liberalised ECB policy is out and there is secular raising of the "All in cost" ceiling. For borrowing from 3-5 years, the raise is by 100 Bps; For the mezzanine slab that is from 5-7, the raise is 150 Bps and the longer maturity slab too has been upped by 50 Bps to 500 Bps.
Now you know why it should help to read me more often. Cheers!

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