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The Export-Import Bank of India (Exim Bank) has announced raising of USD 1 billion (about Rs 6,700 crore) through sell of bonds to overseas investors.
Exim Bank has said in a statement that initially announced for USD 500 million, the issue was upsized to USD 1 billion based on strong demand from investors.
Yaduvendra Mathur, Exim Bank Chairman and Managing Director has said that “The bank is the closest proxy to sovereign in the international markets and the 10 year issuance was based on investors’ feedback, so that benchmark 10 year curve out of India could be established.”
