This represents ADB's third bond issue in the offshore rupee-linked market for 2017.
"Today's fundraising represents ADB's largest single offshore Indian rupee bond issue to date," the multilateral lending agency said in a statement said.
According to the statement, the bonds, which are denominated in Indian rupee but settled in US dollars, were underwritten by HSBC and TD Securities.
"Proceeds from the bonds will be mobilised to support ADB lending in India," the statement said.
ADB is a regular borrower in the mainstream international bond markets and it plans to raise around $30 billion from the capital markets in 2017.