Exim Bank of India raises $1bn in dual tranche notes

A $500m, 30-year tranche was added to the latest offering to support India’s regional and international trade activities at a time of global trade tensions.

The Export-Import Bank of India (Exim Bank) has completed pricing a total of $1 billion 10-year and 30-year senior unsecured medium-term notes denominated in US dollars. The final price revealed offering prices at 85 and 95 basis points (bps) over the US Treasury (UST) yield for the 10-year and 30-year tranches, respectively. Coupon rates have been set at 5% and 5.75%, respectively.

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