ING Vysya says parent investing Rs945 mn


ING Vysya says parent investing Rs945 mn

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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