India's EXIM Bank plans $300 million dollar bond sale under RBI hedging facility
The Export-Import Bank of India plans to raise $300 million through dollar bonds, utilizing the Reserve Bank of India's subsidised hedging facility for overseas fundraising. This issuance will consist of three-year floating-rate bonds priced at 90 basis points over the Secured Overnight Financing Rate. EXIM Bank's move follows similar actions by other institutions, which have collectively raised about $2.15 billion since the RBI announced the facility.