March 20, 2013 11:54 pm | Updated 11:54 pm IST - MUMBAI:
IDBI Bank has raised $500 million through a five-year bond sale in the international markets at a coupon of 3.75 per cent. “The final pricing for the $500 million international debt issue from IDBI Bank got tightened by 15 basis points to 300 basis points over the U.S. treasury bills. The issue marks the first long five-year tenor issuance by the bank,” Managing Director and Head of Debt Capital Markets at Standard Chartered Bank South Asia Jujhar Singh told PTI from Singapore on Wednesday.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
