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

Banking & Finance | Dated: 10 Jan 2025

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.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

Exim Bank has recently raised how much by issuing 10-year bonds?

Correct Answer: USD 1 billion

🚀 Quick Recap: