David Rasquinha, MD, Harsha Bangari, DMD, N. Ramesh, DMD and Sudatta Mandal, CGM & CFO of India Exim Bank rang the bell on India INX celebrating the third bell ringing of India Exim Bank foreign currency bonds on India INX. The issue, at lowest ever coupon of 2.25% p.a., was oversubscribed by more than 3.5 times.
“We are delighted to list one more drawdown of the USD 1 Bn notes under the USD 10 Bn GMTN programme of India Exim Bank at a record low coupon of 2.25% p.a. My heartiest congratulations to the India Exim Bank team for this achievement and thanks to the entire investment banking community involved in this issuance, viz. Barclays, Citigroup, HSBC, J.P.Morgan, MUFG and Standard Chartered. In 2021, we look forward to a healthy pipeline of offshore bond issuances listing on our platform,” V. Balasubramaniam, MD & CEO, INDIA INX, said.
India Exim Bank has already listed USD 6.65 Billion bonds under its USD 10 Billion Global Medium Term Note programme on India INX. The aggregate MTNs established on India INX platform since launch in Jan 2018 is worth over USD 48.5 Bn and listing of bonds aggregate to USD 24.5 Bn. On Jan 12, 2021 the derivatives turnover on India INX hit a new high of USD 16.86 Bn. The Exchange has made listing of Global Depository Receipts and REITs available and will soon permit listing of InvITs.