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Outcome of board meeting of IDBI Bank

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Capital Market

Held on 31 October 2014

With reference to borrowings through issue of bonds in Domestic/Overseas Market, IDBI Bank announced that the Bank has mobilised (i) Rs. 1,000 crore through private placement of infrastructure bonds viz., IDBI Omni Infra Bonds 2014-15 Series I; and Rs. 2,500 crore through private placement of Basel III compliant Additional Tier I bonds and (ii) USD 350 million under the USD 5 billion MTN programme with tenor of 5 years and this reporting has been noted by the Board in its meeting held on 31 October 2014.

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First Published: Oct 31 2014 | 4:02 PM IST

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