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Home Banking & Finance

EXIM Bank raises US$10bn for Indian exports and investments

Fiinews by Fiinews
January 29, 2018
in Banking & Finance, Exports, Investment, Projects
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Top quality investors participate in bond issuance

The Export Import Bank of India (EXIM) has raised US$10 billion with a bond issuance on the London Stock Exchange (LSE) to support the country’s project exports, overseas investment by way of long-term credit and its lines of credit portfolio.

“The notes achieved the tightest ever spread over the US Treasury for an Indian entity for a 10-year issuance,” LSE said in a statement.

The 10-year dollar bonds were nearly two times oversubscribed.

The bond has a 3.897% annual yield, and secured high investor support from across the world. fii-news.com

Tags: Export Import Bank of India
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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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