Published on 9/3/2009 in the Prospect News Emerging Markets Daily.
New Issue: India's Development Credit completes Rs. 650 million tier II bonds sale
By Devika Patel
Knoxville, Tenn., Sept. 3 - Development Credit Bank Ltd. informed the Bombay Stock Exchange that it has issued Rs. 650 million in unsecured redeemable non-convertible subordinated lower tier 2 series IV bonds at par.
The private sector bank is based in Mumbai, India.
Issuer: | Development Credit Bank Ltd.
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Issue: | Unsecured redeemable subordinated lower tier 2 series IV bonds
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Amount: | Rs. 650 million
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Price: | Par
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Pricing date: | Sept. 3
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