India Exim explores other markets after $500m deal

01 Aug 2012

Export-Import Bank of India is considering making its debut in the offshore renminbi market, mulling a dim sum bond alongside other sources of funding after making a comeback to the international dollar bond market this week, said David Rasquinha, the policy lender’s executive director.

The issuer priced a $500m five year bond on Tuesday night, generating around $2.5bn of demand. It is now considering which other markets to tap, and both the offshore renminbi market and the Samurai bond market are on the issuer’s radar, Rasquinha told EuroWeek Asia, although the lender ...

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