India’s IDBI Bank to issue Rs. 5 billion infrastructure long-term bonds

By Tali Rackner

Norfolk, Va., Aug. 6 – IDBI Bank Ltd. informed the Bombay Stock Exchange that its board of directors met on Wednesday and approved the issue of Rs. 5 billion of long-term bonds for financing of infrastructure and affordable housing.

There is an over-allotment option for Rs. 5 billion.

IDBI Bank is a public sector bank based in Mumbai.

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