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    Question

    Which of the following Bank has broken the international

    bond drought from India by raising $1 billion from investors across the globe?
    A IDBI Bank Correct Answer Incorrect Answer
    B HDFC Bank Correct Answer Incorrect Answer
    C IDFC Bank Correct Answer Incorrect Answer
    D EXIM Bank Correct Answer Incorrect Answer
    E ICICI Bank Correct Answer Incorrect Answer

    Solution

    Export Import Bank of India (Exim) Bank has broken the international bond drought from India by raising $1 billion from investors across the globe. The effective yield that Exim pays on the bond comes to about 4.47% given that the 10-year benchmark US treasury is trading at about 3.57%. Learn Along: Exim Bank Headquarters: Mumbai MD: Harsha Bangari

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