ADB raises $50 million via offshore rupee-linked bonds
Tuesday, 26 August 2014
The Asian Development Bank has raised $50 million through offshore, rupee-linked, the lender said in a statement on Tuesday. The rupee-denominated bonds would be settled in US dollars and would mature in August 2016, the statement said. The bonds were sold as part of the Manila-based lender's $500 million offshore rupee-linked bond programme, which aims to deepen India's capital markets, it added, according to The Economic Times.