Exim Bank has raised USD 1 billion by issuing 10-year bonds.

Banking & Finance

In January 2025, Export-Import Bank of India (EXIM Bank), based in Mumbai, raised USD 1 billion (Rs. 8,570 crores) by issuing 10-year bonds in the international market. This was done at the lowest-ever spread of 100 basis points (bps) over the 10-year US Treasury securities.


      - This achievement makes EXIM Bank the first Indian organization to issue dollar bonds in 2025, marking a significant milestone for Indian issuers in global capital markets.

      - The funds raised will be used by the bank to finance its current and future projects around the world.

     

Main Point :-   (i) The bonds were issued in the 144A/Reg-S format under Rule 144A, which allows Qualified Institutional Buyers (QIBs) to trade debt securities without needing registration or review by the US Securities and Exchange Commission (SEC).

      (ii) The main managers and book runners for this bond offering were Bank of America Securities (BofA Securities), Citigroup, HSBC, J.P. Morgan Chase, and Standard Chartered Bank (SCB).

(iii) India Exim Bank, established in 1982, has been rated as Baa3 (Stable) by Moody's Investors Service, BBB- (Positive) by Standard & Poor's (S&P), and BBB- (Stable) by Fitch Ratings.

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