JSA advised Export- Import Bank of India (EXIM Bank) in connection with the issue of US$ 1 Billion Bonds under Export- Import Bank of India’s US$ 10 Billion Global Medium Term Note Program. The JSA team was led by Partners, Anish Mashruwala and Uttara Kolhatkar. This US$ 1 Billion 144A/Reg-S 10-year marquee US$ Bond issuance makes EXIM Bank as the first Indian issuer to open the markets for dollar bond issuances in 2025.
This transaction also marks the tightest spread ever achieved for a 10-year US$ Bond issuance out of India and the tightest ‘BBB -’ 10-year US$ Bond issuance out of Asia (ex-Japan). The US$ Bond issuance witnessed significant participation from a diverse pool of investors across geographies (Asia, EMEA region and the US). This issuance showcases the India growth story and stature of the Indian economy and is expected to be a catalyst to a strong bond market ahead in the year.
Our Transaction Team Comprised Lead Partner – Anish Mashruwala and Partner – Uttara Kolhatkar.
Anish is the current Co-Chair of the Finance Practice at JSA and heads the Banking & Finance group. He also focuses on Cross Border Investments & Acquisitions.