Exim
Bank’s bond issue rated ‘AAA’
Our
Banking Bureau
27 November 2002
Mumbai:
The Credit Rating Information Services of India Ltd has
given Exim Bank’s proposed Rs 1,000-crore bond issue
an ‘AAA’rating.
An
official of the bank said that the funds would be used
for lending activities. “We have seen signs of pick-up
in export credits. There is also demand for credit from
export-oriented units,” the official said.
 "The
bank has already raised close to Rs 150-crore through
various bond issues," the official said.
Exim
Bank also had its "AAA" rating for a Rs 700-crore
bond issue and a Rs 2,300-crore bond issue reaffirmed
along with its "FAAA" rating on the term deposit
reaffirmed.
 The
certificates of deposit programme was reaffirmed as "AAA"
rating and the commercial paper programme received a rating
of "P1+", said the release.
List of reports on Exim
Bank
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