IndusInd Bank introduces pricing of USD bond issuance in offshore public markets
10/04/2019 10:05

IndusInd Bank on Tuesday said that, “it has priced its maiden USD bond issuance in the offshore public markets,” in a filing to Bombay Stock Exchange.

As per the report, the bank raised USD 400 million at a coupon rate of 3.875 per cent per annum, payable semi-annually. Notes will be listed on Singapore SGX and the India INX, Gift City.

As per the bank, the issue received an overwhelming response and saw strong interest from investors across Asia and EMEA with a final order book in excess of USD 1.4 billion across 130 accounts.

Romesh Sobti, MD and CEO, IndusInd Bank said, “IndusInd Bank has made a successful debut in the offshore bond markets through a benchmark 3 years issuance.”

“We are happy to see the response received on this offering to global fixed income investors,” Romesh said.

“This gives the bank not only an important source of funds diversification, but also an enhanced capability to support the growth aspirations of our Indian clients that are expanding in the region and globally,” he added.

The shares of IndusInd Bank were trading at Rs. 1770.00 apiece, high at 1.85 points or 0.10 per cent at 10:04 hours on the BSE.