Business & Finance

SIDBI plans to raise 3.5bn rupees via bonds

Published March 20, 2013 Updated March 20, 2013 01:00pm

1 min

By Muhammad Iqbal

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MUMBAI: The Small Industries Development Bank of India (SIDBI) is planning to raise 3.5 billion rupees ($64.32 million) via three-year bonds at 8.84 percent, a source with direct knowledge of the matter said.

The bonds have a put/call option at the end of one year and one day, said the source. HSBC is the sole arranger to the bond sale, the source said.

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