IDBI prints $300m bond amid volatility

The Indian bank sold the first dollar bond from one of the country’s financial institutions since January, braving jittery pre-election market conditions.

Indian bank IDBI raised a $300 million 5.5-year bond on Wednesday, printing it flat to its existing paper amid heightened market volatility as a result of upcoming Indian elections in April.

¬ Haymarket Media Limited. All rights reserved.

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