Exim Bank of India has raised USD 1 billion (approximately Rs. 8,570 crore) from overseas markets at its lowest-ever spread, marking a significant milestone in global capital markets. The Department of Financial Services (DFS) highlighted this achievement on Tuesday, praising it as a “fantastic start to the year” for Indian issuers.
The 10-year USD-denominated bonds were issued at a spread of just 100 basis points, the lowest ever for a BBB-rated issuer in Asia. This landmark transaction reflects the confidence of international investors in India’s economic story, the DFS noted in a post on X (formerly Twitter).
The successful issuance supports Exim Bank’s mandate to facilitate international trade and aligns with the broader vision of a developed India, or Viksit Bharat. The DFS emphasized that this achievement sets a robust precedent for Indian issuers in the global debt markets for the year ahead.
Exim Bank serves as the principal financial institution that promotes and coordinates export and import financing in India. It provides financial assistance to exporters and importers, contributing to the country’s international trade growth and development.
This landmark deal not only strengthens Exim Bank’s financial position but also underscores India’s growing credibility and appeal in global financial markets.
