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 IDBI Bank - The first Dim Sum Bond Issuer from India- IDBI Bank - The first Dim Sum Bond Issuer from India
- November 16, 2011
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IDBI bank becomes the first Dim Sum Bond Issuer from India. The 3 year bond is priced at a fixed coupon of 4.5% p.a.
Mumbai: IDBI Bank issued the first Dim Sum Bond from India. The highly successful and landmark transaction was priced on Friday, November 11, 2011. The Bank priced a Renminbi (RMB) 650 million bond which was issued through its Dubai International Financial Centre (DIFC) branch under its USD 1.5 billion MTN programme. The 3 year bond was priced at a fixed coupon of 4.5% p.a. The issue was lead managed by HSBC. The Dim Sum bond issued by IDBI Bank was the first such issue from emerging marke...
- View more at: http://www.1888pressrelease.com/idbi-bank-the-first-dim-sum-bond-issuer-from-india-pr-350944.html
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