Issue of USD 1 Billion 5.5% Notes by Export – Import Bank of India

  • Deal
  • January 17, 2023

JSA advised Export – Import Bank of India (EXIM), India’s premier specialised export credit agency, in connection with the issue of USD 1 Billion 5.5% Notes under EXIM’s USD 10 Billion Global Medium Term Note Program (the “ Offering”).

JSA also advised and assisted EXIM in connection with the listing of the USD Notes on the Global Securities Market platform of BSE’s India International Exchange (IFSC) Limited (“India INX”), at the Gujarat International Finance-Tec City.

  • EXIM opened the new year of 2023 for the debt markets for Indian issuers with its maiden benchmark-sized sustainability 10 – year USD Bonds under its Environmental, Social, and Governance (“ESG”) Framework.
  • The transaction is a debut/ maiden sustainability Notes Offering by EXIM, which has the same rating as that of Government of India.
  • This issuance makes EXIM, the largest ever single tranche IG ESG issuer out of India.

Our Banking and Finance Team Comprised of Lead Partner – Dina Wadia, and Partner – Uttara Kolhatkar.