Debt Debt financing
Sidbi raises Rs.5,607-Cr via five-year bonds
Source Small Industries Development Bank of India (Sidbi) (opens in a new tab)Business Standard (opens in a new tab)
Small Industries Development Bank of India (Sidbi) has raised INR 5,607 crore through five-year bonds at a coupon rate of 8.17%. The institution had originally proposed to raise INR 6,000 crore, but restricted the final acceptance to INR 5,607 crore after receiving bids at yields exceeding its offer. The issue attracted total bids worth over INR 13,300 crore.