Exim Bank hikes MTN to $2.5b

Dec 28, 2010 |

Correspondent

Export-Import Bank has enhanced its medium term note (MTN)programme to $2.50 billion from $1 billion. A part of the upsized MTN programme will be utilised for issuance of bonds by the bank’s branch in London. Exim Bank had launched its MTN first in October 2006 with a size of $1billion and it has so far issued bonds aggregating to $900 million under the MTN programme. The programme facilitates raising foreign currency resources in the international debt capital markets on a regular basis with flexibility in terms of quantum, structure and timing.

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