IDBI to launch Rs 300 crore omni bond issue

Mumbai, May 9 (UNI) The Industrial Development Bank of India Ltd (IDBI) will be launching a Rs 300 crore omni bond issue with a green shoe option to retain additional subscription on a private placement basis, stated a release issued here today.

The minimum subscription is one bond of face value of Rs 10 lakh and in multiples of one bond thereafter for a period ranging from 5 to 11 years.

The issue would be open for subscription till May 19. However, if the entire amount is received before this date, the issue would be closed early.

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