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By EquityPandit
IDBI Bank has raised Rs 1,000 crore from bonds on private placement basis for the purpose of funding infrastructure projects.
It said in a statement that IDBI Omni Infrastructure Bonds 2015-16 Series III are unsecured, non-covertible redeemable bonds.
It further added that the 10 year bonds will have coupon rate of 8.80 percent.
