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IDBI Flexibonds issue from today

Our Bureau

Mumbai , Jan. 13

INDUSTRIAL Development Bank of India Ltd is coming out with its public issue of IDBI Flexibonds-22 to tap the retail bond market, which will open for subscription on Friday.

The issue will close on February 3 and is the first tranche being made under the IDBI Flexibond Umbrella Offer Document 2004-05, said a press release.

The issue has a target amount of Rs 400 crore with a greenshoe option to retain an additional Rs 400 crore.

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