India's IDBI taps leads for Swiss franc-, dollar-denominated notes

By Christine Van Dusen

Atlanta, April 25 - India's Industrial Development Bank of India Ltd. (IDBI) has mandated BNP, Credit Suisse and UBS for an offering of Swiss franc- and dollar-denominated notes, a market source said.

The franc notes will likely price in May, the source said. The dollar notes - which are expected to total $250 million and carry a seven-year tenor - could come to the market soon afterward.

IDBI is a lender based in Mumbai.

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