Singapore, November 24, 2015 -- Moody's Investors Service, ("Moody's) has assigned a Baa3 rating to IDBI Bank Ltd's (IDBI, Baa3, Stable) proposed USD denominated senior unsecured notes, issued under its US$5 billion Global Medium-Term Note (GMTN) program. The drawdown will be carried out from its Dubai International Financial Centre (DIFC) branch, and the net proceeds will be used for Eligible Green Projects under IDBI's green bond framework. The bonds will be listed on the Singapore Stock Exchange.
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