EXIM Bank plans to raise about $1 billion through bonds in January

Looks to transfer nine a/cs worth Rs 780 crore to NARCL

Export and Import Bank of India (EXIM Bank) is looking to raise about $1 billion from the international market through a 10-year bond offering in January 2022 for predominantly its lending operations.

In 2021-22 (FY22), EXIM does not have huge debt servicing obligations (redemptions) and would raise around $2 billion for the current year, said its Managing Director Harsha Bangari.

The development finance institution, wholly owned by the government of India, has raised about $500 million through a bi-lateral route in the first half ended September. While it is cheaper to raise money from bi-lateral deals, there is only an appetite for