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IDBI BANK LTD. - Outcome of Board Meeting - Approval for Foreign Currency Borrowing Limit
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28 Aug 2015
IDBI Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on August 28, 2015, has approved the proposal of FC borrowing limit upto principal outstanding amount of USD 7.5 billion equivalent including borrowing under IDBI Bank&apos;s USD 5 billion MTN Programme listed with Singapore Stock Exchange, to be raised in one or more tranches by way of bi-lateral loans/club loans/syndicated loans/lines of credit (including ECA backed lines)/other credit facilities from banks or financial institutions (including direct borrowings from multilateral institutions or through loans/bonds/other instruments with partial/full guarantee of such institutions)/bond issuances (senior bonds, Tier II bonds, hybrid instruments like Innovative Perpetual Debt Instruments/Additional Tier I bonds and other bonds eligible for classification as capital under Basel III)/FRN issuance/Reverse Enquiries and other instruments.
View all announcements for IDBI BANK LTD. Source: BSE India