Exim Bank raises $1 billion via 10-yr sustainability bond

Exim Bank raises $1 billion via 10-yr sustainability bond

Export-Import Bank of India (India Exim Bank) has raised $1 billion via a 10-year Sustainability Bond issue in the 144A/Reg-S format under its Environmental Social Governance (ESG) Framework.

This issuance at a coupon rate of CT10 (US 10-year Treasury Bond) +190 basis points makes India Exim Bank the first Indian issuer to open the markets for dollar and sustainability bond issuances in 2023, the development finance institution said in a statement.