South Indian Bank committee to discuss up to Rs. 3 billion bond issue

By Sarah Lizee

Olympia, Wash., Jan. 21 – South Indian Bank Ltd. informed the Bombay Stock Exchange that it will consider plans to issue up to Rs. 3 billion Basel III compliant tier 1 subordinated bonds at a capital planning and infusion committee of directors meeting on Friday.

The bonds would have a greenshoe of up to Rs. 2 billion and would be issued via private placement.

South Indian Bank is based in Thrissur City in Kerala, India.

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