Home / Business and Economy / India's EXIM Bank Secures $1B from U.S. Dollar Bonds
India's EXIM Bank Secures $1B from U.S. Dollar Bonds
6 Jan
Summary
- EXIM Bank raised $1 billion via dual-tranche U.S. dollar bonds.
- Issuance included $500 million in 10-year and $500 million in 30-year bonds.
- Bonds were rated BBB- by Fitch Ratings, listed in major global centers.
The Export-Import Bank of India has successfully concluded a significant debt issuance, raising $1 billion in U.S. dollar-denominated bonds. This transaction marks the nation's inaugural bond sale of 2026 and comprises two tranches: $500 million in 10-year bonds priced at 5.00% and an equivalent amount in 30-year bonds at 5.75%.
The strong investor demand allowed EXIM Bank to achieve aggressive pricing, tightening the spreads significantly from initial guidance. Analysts observed that the current pricing was tighter than expected fair value, particularly for the longer-duration 30-year bonds, indicating robust market confidence in the issuer.
These bonds have received a BBB- rating from Fitch Ratings, aligning with the issuer's overall rating. The debt will be listed on stock exchanges in Singapore, London, and India, with the raised capital designated for financing overseas investments and importing essential capital goods.
