The Hindu Business Line : ADB rupee issue oversubscribed

ASIAN Development Bank's debut rupee bond issue was oversubscribed by twice the offer. The Rs 500-crore ten-year issues were priced on a book-building basis at a coupon rate of 5.40 per cent.

The interest is payable semi-annually, yielding 0.17 per cent over the 10-year government bond, 7.37 per cent 2014 g-sec that closed today at a yield of 5.23 per cent.

HSBC and ICICI Securities acted as the lead arrangers, with Bank of India and Union Bank of India participating as co-arrangers.

More Stories on : Debt Market

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
A.V. Birla eyes pension funds sector — To push insurance biz aggressively

Rupee moves up; g-sec volumes rise

GAIL shifts to e-banking

BoI awards $150-m 10-year outsourcing contract to HP India

Insurance VRS optees to be relieved from tomorrow

SBT loan for house plots

Union demands scrapping of TPA system

ADB rupee issue oversubscribed

UTI Bank bullish on South; plans major expansion

PNB sets up panel on performance audit

Awaiting administrative guidelines from Govt — ABN Amro has no plans for arm right now

S&P expects near-term rates to hold

Thanks to cheap credit, you can live life king-size

Banks urged to meet Rozgar Yojana targets

Fraudster on the prowl with `Visa-security' id?

T.R. Madhavan is Dhanalakshmi Bank Managing Director