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ADB hoists $118 million from rupee-linked bonds

Asian Development Bank (ADB)

The Asian Development Bank (ADB) has hoisted USD 118 million from a new issue of offshore Indian rupee-linked 10-year bonds. This represents ADB’s first new maturity raised in Indian rupees since 2017 and provides to an established yield curve which stretches from 2021 through 2030 with Rs 7,240 crore (USD 1 billion) of outstanding bonds.