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ING Vysya says parent investing Rs945 mn

ING Vysya says parent investing Rs945 mn
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First Published: Tue, Oct 21 2008. 09 52 AM IST
Updated: Tue, Oct 21 2008. 09 52 AM IST
Mumbai: ING Vysya Bank Ltd said on Tuesday ING Bank N V is investing Rs945 million in the latter, which is issuing perpetual bonds in foreign currency as Tier I capital.
The bonds have a call option at the end of 10 years and the draw down will happen on 22 October, it said in a statement.
The issue was approved by the ING Vysya board on 30 June.
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First Published: Tue, Oct 21 2008. 09 52 AM IST
More Topics: Ing | Vysya | Issue | Investment | Corporate News |