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ADB raises Rs 300 cr

Infrastructure Finance
September 1, 2014September 1, 2014
ADB raises Rs 300 cr
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Asian Development Bank (ADB) has raised Rs 300 crore from its maiden issuance of offshore Indian rupee-linked bonds. The issuance is the first bond issued under ADB´s $500 million offshore rupee-linked bond programme and aims to deepen India´s capital markets, ABD said. The bonds, denominated in Indian rupees but settled in US dollars, will have a coupon of 6.35 per cent and will mature on 17 August 2016.

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