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Exim Bank sells bonds worth $1 billion to global investors at dirt low rate

The issue was oversubscribed four times or worth $4 billion as against $1 billion on offer, managing director David Rasquinha said

Exim bank
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Press Trust of India
The Exim Bank has started the new year on a high note raising $1 billion through a dollar-bond sale to international investors, offering just 2.25 per cent for the ten-year money, setting a new low in pricing. 

The issue was oversubscribed four times or worth $4 billion as against $1 billion on offer, managing director David Rasquinha said, adding that in Asia the issue was oversold within three hours of the launch with the order book hitting $1.75 billion Monday morning. 

Topics : EXIM Bank

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