Exim Bank

Exim Bank raises $500M via overseas bond sale

Exim Bank raises $500M via overseas bond sale

Export-Import Bank of India (Exim Bank) on Monday raised $500 million via a dollar-denominated Regulation S (Reg S) bonds sale to investors in Asia and Europe.

The sale of Reg S bonds, which are offered to non-U. S. residents and qualified institutional investors under an exception to U. S. securities laws enacted in 1990, took place under Exim Bank's $6 billion medium term note (MTN) programme. It may be noted here that Reg S bonds don't enjoy the same legal protection as other bond issues.