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Prospect News home > News index > List of issuers D > Headlines for Dena Bank > News item
Published on 1/28/2009 in the Prospect News Emerging Markets Daily.

India's Dena Bank takes in Rs. 2 billion through tier II bond sale

By Devika Patel

Knoxville, Tenn., Jan. 28 - Dena Bank informed the Bombay Stock Exchange that it raised Rs. 2 billion by issuing lower tier II bonds.

The bonds have a coupon of 9½% and are redeemable after 10 years.

The Mumbai, India-based bank said that the issue was fully subscribed.


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