New Delhi: Private sector lender IndusInd Bank Tuesday said it has raised $400 million (around ₹2,700 crore) in its first-ever US dollar bond issuance in the offshore public markets. The bank raised $400 million at a coupon rate of 3.875% per annum, payable semi-annually, IndusInd Bank said in a release. "The successful issuance demonstrates the strong credit quality of IndusInd Bank and investors' affinity towards the bank," it said. The bank has created a successful benchmark for itself in offshore capital markets through its debut issuance, it added. "IndusInd Bank has made a successful debut in the offshore bond markets through a benchmark three-year issuance.

Source: Mint April 09, 2019 18:11 UTC