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The Asian Development Bank has raised 3 billion Indian rupees (INR) from a new issue of offshore rupee-linked bonds for finance climate change mitigation and adaptation projects in India.
It has said in a statement that the bond issue carries a 6.00 percent interest rate with a 3.75 year maturity, falling due in February 2021.
It added that the bonds that are denominated in Indian rupees but settled in US dollars, were underwritten by JP Morgan and TD Securities as Joint Lead Managers.
