India’s IDBI to issue infrastructure, tier 1 bonds, $350 million notes

By Tali Rackner

Norfolk, Va., Oct. 31 – IDBI Bank Ltd. informed the Bombay Stock Exchange that it has mobilized its issuances of Rs. 10 billion of IDBI Omni infra bonds 2014-15 series I infrastructure bonds, Rs. 25 billion of additional Basel III compliant tier I bonds and $350 million of notes under the $5 billion medium-term note program.

The first two series of bonds are being issued through private placements.

IDBI Bank is a public sector bank based in Mumbai.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.