Exim Bank's Samurai bonds raises $230mn
Kolkata: Export Import Bank of India (Exim Bank) has raised $230 million from the Japanese market.

The entire fund will be in yen and will be called 'Samurai' bond. This will be Exim Bank's second fund-raising exercise through bonds in Japan.

Besides floating bonds, the bank has received $100 million import line of credit from Japan Bank of International Co-operation.

Exim Bank is now laying a special thrust on West Africa, and the fund could be used for the Indian companies' ventures in economically week West African countries. It has already sanctioned a line of credit to the Democratic Republic of Congo.

Exim Bank has already entered into $250 million line of credit with financial agency Icolus for the development of the region.
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