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ADB issues Indian rupee bonds.

Publication: M2 Presswire
Publication Date: 27-FEB-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-27 February 2004-ADB: ADB issues Indian rupee bonds(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:02272004

MANILA, PHILIPPINES - The Asian Development Bank (ADB) issued today its debut Indian rupee (INR) bonds in the domestic capital market of India. The issue has a principal amount of INR 5 billion and a bullet maturity of 10 years. The lead arrangers of the issue were HSBC and ICICI Securities, with Bank of India and Union Bank of India participating in the syndicate as co-arrangers.

Priced at par, ADB's rupee bonds carry a...

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