Tuesday, 26 August 2014

Asian Development Bank raises $50 million via offshore rupee-linked bonds

The Asian Development Bank has raised $50 million through offshore, rupee-linked, the lender said in a statement on Tuesday. 

The rupee-denominated bonds would be settled in US dollars and would mature in August 2016, the statement said. 


The bonds were sold as part of the Manila-based lender's $500 million offshore rupee-linked bond programme, which aims to deepen India's capital markets, it added. 

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