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IDBI Flexibonds

By Our Special Correspondent

MUMBAI, NOV. 25. IDBI plans to tap the retail bond market with a public issue of IDBI Flexibonds-19 for raising Rs. 300 crores with a greenshoe option to retain an additional Rs. 300 crores.

The issue will remain open to public for subscription from December 1 till December 17, IDBI stated in a press release here today.

This issue of IDBI Flexibonds offers four instruments, IDBI Infrastructure (Tax Saving) Bond, IDBI Money Multiplier Bond, IDBI Retirement Bond and IDBI Regular Income Bond.

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