Moneycontrol
Feb 10, 2016 08:21 PM IST | Source: PTI

IDBI Bank raises Rs 1,000 cr from bonds to fund infra projects

IDBI Omni Infrastructure Bonds 2015-16 Series III are unsecured, non-covertible redeemable bonds, the bank said in a statement.

 
 
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State-owned IDBI Bank raised Rs 1,000 crore from bonds on private placement basis to fund infrastructure projects.


IDBI Omni Infrastructure Bonds 2015-16 Series III are unsecured, non-covertible redeemable bonds, the bank said in a statement.

The 10-year bonds will have coupon rate of 8.80 percent, it added.

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