Briefly Business: IFC raises R1K cr from first Re bond sale at 7.75%

Nov 21 2013, 02:27 IST
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SummaryWorld Bank group member IFC has raised Rs 1,000 crore in the US from its first offshore sale of rupee bonds.

Mumbai: World Bank group member IFC has raised Rs 1,000 crore in the US from its first offshore sale of rupee bonds. The offering, which was oversubscribed two times, is part of the global development institutionís $1-billion offshore rupee bond programme, according to a statement from the International Finance Corporation. The three-year bond was offered and settled in USD.

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