Exim Bank raises Yen 23bn via Samurai bonds

Exim Bank raises Yen 23bn via Samurai bonds

Our Web Bureau / Mumbai February 10, 2006

Export-Import Bank of India (Exim Bank) raised Yen 23 billion (approximately $ 168 million) by issuing 5-year Samurai bonds at 62 bps over Yen Libor today.

According to a release issued by Exim Bank today, the issue is the first Samurai bond offering from India in 15 years.

S. Sridhar, executive director of Exim Bank, leading the Exim team in Tokyo,  identified two major benefits from the bank