ADB to raise $1 bln debt in rupee bonds in India | india | Hindustan Times
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ADB to raise $1 bln debt in rupee bonds in India

Asian Development Bank has sought permission from the Indian government to raise the equivalent of $1 billion in rupee bonds.

india Updated: Jan 16, 2007 12:54 IST
Reuters
Reuters
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Asian Development Bank has sought permission from the Indian government to raise the equivalent of $1 billion in rupee bonds, a senior official said on Tuesday.

"We are hoping to get the permission early this year. We will try to raise the funds at best possible terms," said Narhari Rao, principal economist at the bank's India mission.

First Published: Jan 16, 2007 12:54 IST