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Tuesday, Sep 20, 2005

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Exim Bank raises $160 m through 364-day loan

Our Bureau

Mumbai , Sept. 19

EXPORT-Import Bank of India has raised $160 million through a club deal at a margin of 15 basis points over Libor.

It offered an all-in-yield of 21 basis points over Libor for on-lending towards export credit.

A press release from the bank said that this is the resource with lowest cost raised by an Indian borrower for this tenor. This is the largest single 364-day loan raised by the bank. the release said.

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