EXIM Bank raises $1 billion through 10-year bond

The bonds were geographically distributed with 50% in Asia, 32% in EMEA, and 18% in the USA. Investor-wise, 64% went to Asset and Fund Managers, 18% to Banks, and 16% to Insurance, Pension Funds, and Public Sector

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India Exim Bank has raised $1 billion by issuing 10-year bonds in the international market, the bank announced on Tuesday. This makes it the first Indian organisation to issue dollar bonds in 2025.

The amount has been raised in 144A/Reg-S format. Under the Rule 144A, Qualified Institutional Buyers (QIBs) can trade debt securities without registration and review by the Securities and Exchange Commission (SEC).

The Reg S bond type is available for offers and trades of securities outside of the U.S.A. to U.S. and non-U.S. QIBs.