India's IDBI plans to issue Rs. 3 billion of bonds

By Reshmi Basu

New York, May 9 - Industrial Development Bank of India Ltd. (IDBI) plans to sell Rs. 3 billion of "Omni bonds" by private placement.

The bonds will carry a maturity of five to 11 years.

The Mumbai, India-based bank said it also has the right to exercise an over-allotment option in case the issue is oversubscribed.

Additionally, the subscription period is expected to last until May 19.

© 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.