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IDBI Bank raises $300 mn via overseas bond sale

The state-run IDBI Bank today became the first lender to hit the overseas debt market this year, raising $300 million in a 5.5-year money, priced at 5.061 per cent. For the city-based lender, this is first issue since last March when it had raised $500 million. The current RegS bond sale got an over-subscription of $2.2 billion from overseas investors, said Citigroup, which was one of the lead bankers to the issue along with ...
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