Government-owned Export-Import Bank of India yesterday raised $200 million from its second US dollar-denominated bond deal this year. The new bonds are senior unsecured five-year notes with a maturity date of April 21, 2015 -- a couple of months later than its outstanding $300 million 4.375% five-year bonds, which were issued in January this year and mature in February 2015.
The new bonds were issued under Exim's existing $1 billion medium-term note programme and pay a fixed rate coupon of 4.4%. They were re-offered at 99.543 for a yield of 4.503%.
Initial guidance was sent out early Wednesday at Treasuries plus 200bp. This was revised to Treasuries plus 192.5bp to 197.5bp by...
¬ Haymarket Media Limited. All rights reserved.
