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IDBI Bank launches $350 million 5½-year notes at 275 bps spread
By Christine Van Dusen
Atlanta, Oct. 20 – India’s IDBI Bank Ltd., through its Dubai International Financing Centre branch, launched a $350 million issue of 5½-year notes (expected ratings: Baa3//BBB-) at a spread of Treasuries plus 275 basis points, a market source said.
ANZ, BNP Paribas, Citigroup and HSBC are the bookrunners for the Regulation S deal.
IDBI Bank is a public sector bank based in Mumbai.
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