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
