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The issue was oversubscribed over 3.5 times, managing director David Rasquinha said, adding in Asia when the issue was launched the bonds were oversold within two hours.
“The coupon of 2.25 per cent is a record low for any 10-year bond issuance out of the country till date,” he added.
The Exim Bank, with a substantially dollarised balance sheet, is one of the largest domestic issuers of long-term debt in the international debt capital markets and its paper is treated as quasi-sovereign.
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