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IDBI Bank to raise up to $1 bn via overseas bonds
IDBI Bank plans to raise between $750 million and $1 billion through sale of foreign-currency-denominated bonds and loans in the current financial year. The public sector lender had raised $840 million via this route in 2011-12. The bank will also scale up the limits on the medium-term note (MTN) programme to $2.5 billion from $1.5 billion in January. "Since we have already utilised almost half of