IDBI Bank is seeking to raise $250 million in a sale of bonds in the Asian region, The Hindu Business Line reports. The Asian Development Bank (ADB) will partially guarantee the bond issue via a credit guarantee scheme.
The Mumbai-based bank has fixed a target of raising $1.1 billion via foreign currency borrowings in 2012. The lender has already raised $250 million and is about to launch a Swiss Franc medium-term bond issue to raise $200 million.
Click here for the story from The Hindu Business Line.