IndusInd Bank raises Rs420 cr through bonds

IndusInd Bank raises Rs420 cr through bonds
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First Published: Tue, Apr 06 2010. 11 21 PM IST
Updated: Tue, Apr 06 2010. 11 21 PM IST
Mumbai: IndusInd Bank Ltd on Tuesday said it has raised Rs420 crore through the issue of tier-II bonds, inclusive of the green shoe option.
The bonds, which have been privately placed, carry an interest of 9.5% and will be due for redemption in five years. The bond issue, the bank said, “has augmented the long-term resources and further strengthened the capital adequacy ratio of the bank”.
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First Published: Tue, Apr 06 2010. 11 21 PM IST
More Topics: IndusInd Bank | Bonds | Money Matters | Bonds |