Exim Bank India raises $1 billion from overseas via 10-year bonds

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Exim Bank India raises $1 billion from overseas via 10-year bonds - Business Standard

Quick Summary:

"Fantastic start to the year by Indian issuers in global capital markets, with state-owned @IndiaEximBank raising $1 bn 10-year USD-denominated bonds at lowest ever spread (100bps) for USD-denominated public bond by a BBB-rated issuer in Asia," the Department of Financial Services (DFS) said in a post on X

This demonstrates the confidence of overseas investors in the India story, it said, adding, this landmark transaction marks a strong start to the year for Indian issuers in the international debt markets, supporting Exim Bank's mandate and contributing to the vision of Viksit Bharat.

Exim Bank of India has raised USD 1 billion (about Rs 8,570 crore) from overseas at lowest ever spread to fund business growth, the Department of Financial Services said on Tuesday.