IDBI Bank raises over Rs17 bn via bonds

IDBI Bank raises over Rs17 bn via bonds

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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