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Business News/ Opinion / Online-views/  IDBI Bank raises over Rs17 bn via bonds
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IDBI Bank raises over Rs17 bn via bonds

Reuters

IDBI Bank raises over Rs17 bn via bonds

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Mumbai: “IDBI Bank has raised more than Rs17 billion through a bond issue," two market sources said.

“The state-run bank sold 5 year bonds at 11.35% and 10 year bonds at 11.30%," the sources said.

The bonds have a “AA+" by ICRA, Crisil and Fitch.

ICICI Securities, Standard Chartered Bank, SSKI, Kotak Mahindra Bank, Axis Bank and IDFC were arrangers to the issue.

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Published: 03 Dec 2008, 04:50 PM IST
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