IDBI Bank to raise $1 billion via bonds in 12 months - The Economic Times

State-owned IDBI Bank today said it would raise around USD 1 billion (about Rs 5,000 crore) over the next 12 months through bonds from overseas.

"We plan to raise USD 1 billion overseas in tranches over one year," IDBI Bank Chairman and Managing Director R M Malla told PTI.

The raising of funds would be done under Medium-Term Note (MTN) programme and they will be utilised to expand overseas operations through its Dubai branch.

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