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Exim Bank (Export-Import Bank of India) has been planning to tap the overseas market once again for raising up to USD 1.5 billion through bonds this financial year.
Yaduvendra Mathur, Exim Bank CMD has said that ” In an average year, we need to raise USD 2-2.5 billion. Definitely, we will be going to market once this year, but size and time have to be decided depending on market conditions.”
In July, the bank had already raised USD 1 billion from the overseas market for supporting Indian exports and overseas investment by way of long term credit and its line of credit portfolio.
