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The issuance was priced at the lowest-ever spread of 100 basis points (bps) for a USD-denominated public bond by a BBB- rated issuer in Asia, underscoring the robust confidence of global investors in the Indian growth story.
“This demonstrates the strong confidence of overseas investors in the India story. This landmark transaction marks a strong start to the year for Indian issuers in the international debt markets, supporting Exim Bank’s mandate and contributing to the vision of #ViksitBharat,” the post added.
The bank joins a host of other Asia Pacific borrowers who are selling debt in January, typically a busy time of the year for issuance, as they take advantage of the tightest global credit spreads in 17 years.
The spreads have tightened as US Treasury yields spiked on concerns that President-elect Donald Trump’s tariff and fiscal policies may reignite inflation and trigger more market volatility.
Bond market activity has been robust in recent months in the country, with issuance climbing to a three-year high in 2024.
(Edited by : Ajay Vaishnav)
