Idbi May Call Back Flexibonds 3 Issue

The Industrial Development Bank of India (IDBI) may call back its Flexibonds 3 issue and pay up around Rs 100 crore in March 2003.

The bank has raised more than Rs 12,400 crore through 14 Flexibonds issues in the last few years. And it has exercised the call option on a raft of these bonds and prepaid around Rs 8,000 crore. IDBI chief general manager O V Bundellu said,